Whale loses over $23 million in 5 days, all long positions closed out, only shorts remain

RektRecovery · 2026-01-20T00:04:09+00:00

A large holder who previously sold 255 BTC has closed their long position, with an unrealized loss of $2.64 million, and has established $100 short positions on BTC, ETH, and SOL. Recently, their account profits have plummeted by over 90%, indicating the pressure from volatility in mainstream cryptocurrencies.

RektRecovery

2026-01-20 00:04:09

Abstract generation in progress

【Blockchain Rhythm】On-chain data monitoring shows that the large holder who previously sold 255 BTC has fully closed their long positions in BTC, ETH, SOL, and DOGE, with a single unrealized loss of $2.64 million.

This whale currently maintains a short position in DASH, while also establishing $100 worth of short positions in BTC, ETH, and SOL. Impressively, the account’s profitability has sharply deteriorated—within just 5 days, the account profit plummeted from over $25.7 million to $258,000, a decrease of over 90%. This also reflects the significant pressure on holders caused by recent sharp fluctuations in mainstream cryptocurrencies.

BTC-3,7%

ETH-6,76%

SOL-4,95%

DOGE-4,64%

View Original

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.

7 Likes

Reward
7
5
Repost
Share

Comment

0/400

ProposalDetective

· 4h ago

Damn, losing 23 million in 5 days? How bad is that, haha

View OriginalReply0

ChainMemeDealer

· 20h ago

Haha, so this is the legendary "5-day dream shattered," with 25.7 million evaporating directly to 2.58 million. It ended before I even took my pants off.

View OriginalReply0

ForkItAllDay

· 20h ago

Bro, you took a pretty heavy hit this time. From 25.7 million down to 2.58 million, completely clearing the long positions. You're really scared now.

View OriginalReply0

BlockchainFries

· 20h ago

Even this whale can't withstand it. 90% profit is gone in an instant—it's really just a matter of market fluctuations.

View OriginalReply0

NftMetaversePainter

· 20h ago

actually the algorithmic brutality here is *chef's kiss* - this whale's portfolio collapse perfectly exemplifies why traditional risk management frameworks fail at capturing blockchain's chaotic hash value distributions... the 90% drawdown isn't just a number, it's a generative commentary on market microstructure itself

Reply0