2025-12-30 10:20:43

On-chain data has once again shown an interesting scene. On December 30th, a trader holding a $105 million Ethereum short position only persisted for 15 hours before choosing to cut losses, resulting in a direct loss of $479,000.

However, this guy isn't completely wiped out. His long positions on Bitcoin and Solana are still profitable, keeping the total loss to $49,000. This also reflects the operational logic of some big players—hedging across different cryptocurrencies. When one position fails, the gains from other positions can help recover some losses.

The short-term trend of ETH clearly annoyed the bearish traders. Although a loss in the millions isn't fatal for top-tier traders, it still demonstrates how volatile the market can be, and any short seller needs to be cautious.

ETH1.75%

BTC0.75%

SOL0.55%

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GasFeeCrier

· 2h ago

ETH's recent surge is incredible; the bears are about to get cut again. --- Hedging for safety, or you'll be gone early. --- Recognizing losses in 15 hours? You're really brave. --- This is the correct way to play crypto—don't put all your eggs in one basket. --- A million-dollar loss is considered small; I just don't understand why some still insist on shorting. --- Look at how other coins are moving in sync; we're all in on one direction, no wonder we lose. --- ETH's temper is such that even the bears have to go around it. --- Real big players play like this; small investors can only follow the trend.

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WalletsWatcher

· 2h ago

Damn ETH messing with people's mentality again, losing 479,000 in 15 hours. This trading is really ruthless. --- Short positions have been repeatedly taught, and that's why I don't dare to go all-in on one side. --- Fortunately, BTC and SOL saved the day, or I would have vomited blood. --- A short position of 1.06 billion was surrendered in just 15 hours. How fierce is this market trend? --- Just saying, as long as you don't put all your eggs in one basket, losses can be survived and you can walk away. --- ETH's rebound has confused the shorts. A loss of hundreds of thousands is just a warning.

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RuntimeError

· 2h ago

Damn, in just 15 hours, a loss of 479,000. This person's guts are really big. ETH's recent market trend is truly a trap for bears. Luckily, BTC and SOL stepped in to save the day, or else they would have gone bankrupt directly.

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BridgeTrustFund

· 2h ago

The short position was liquidated in just 15 hours. This is the consequence of greed. ETH's recent market movement has been fierce. Hedging saved my life. The lesson from losing 1 million dollars: be cautious when bearish. For big players, hedging is the way to go; retail investors can only eat dirt. This market movement is truly incredible. Many shorts have been wiped out or suffered heavy losses.

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