A whale recently chose to exit completely. According to on-chain data tracking, this large holder closed a position of 350 million BTC, with an unrealized loss of approximately $3.6 million. More notably, they subsequently withdrew $31 million, and the $31.7 million in remaining margin in the account was also cleared. Interestingly, this whale previously believed that Bitcoin could surge to $93,300. The current exit move perhaps reflects a new attitude towards the market's future.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
RugResistant
· 1h ago
ngl, 3.5 eth liquidation plus full withdrawal is sketchy af... dyor but this pattern screams "inside knowledge" tbh
Reply0
CryptoGoldmine
· 4h ago
35 million BTC closed with a loss of 3.6 million, what does this indicate? This brother's hash rate profit estimate might not be accurate.
From a technical perspective, the departure of large holders is indeed worth noting, but what should be more closely watched is the current stage of the difficulty adjustment cycle.
My mining rigs have an average daily profit over the past 30 days... Calculating ROI, it can still withstand, no rush to clear positions.
Whales have backed down, which instead indicates that the bottom signal is clearer. This is an opportunity to buy the dip, not to escape.
Withdrawing 31 million, a significant amount, but compared to the entire network's hash rate, it's really not much... Let's see the extent of the difficulty adjustment.
View OriginalReply0
LiquidatedDreams
· 01-08 08:48
Sold out again, another former believer.
View OriginalReply0
GasGoblin
· 01-08 08:39
Hmm... this guy really chickened out, he was bragging about $93,000 before.
View OriginalReply0
PriceOracleFairy
· 01-08 08:27
lmao this whale just pulled the ultimate exit liquidity play... 350M BTC position into a 3.6M loss? the math isn't mathing ngl. total capitulation energy when you clear every last satoshi from the wallet like that
Reply0
Bengs37
· 01-08 08:24
lately the market has become something that you can not fully predict
A whale recently chose to exit completely. According to on-chain data tracking, this large holder closed a position of 350 million BTC, with an unrealized loss of approximately $3.6 million. More notably, they subsequently withdrew $31 million, and the $31.7 million in remaining margin in the account was also cleared. Interestingly, this whale previously believed that Bitcoin could surge to $93,300. The current exit move perhaps reflects a new attitude towards the market's future.