Whale liquidated $265 million and turned to short DASH, with unrealized gains reaching $255,000

ZkSnarker · 2026-01-20T03:04:13+00:00

On-chain data shows that a large holder recently liquidated holdings worth $265 million in BTC and ETH, incurring a loss of $324,000. Subsequently, they shorted DASH with 5x leverage, holding 73,000 coins, with an unrealized profit of $255,000. They previously took a heavy short position during BTC's rise, indicating a contrarian strategy.

ZkSnarker

2026-01-20 03:04:13

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【CryptoPush】On-chain data shows that a major holder completed a large-scale liquidation operation 3 hours ago—selling off long positions in BTC and ETH worth $265 million. Although this liquidation resulted in a total loss of $324,000, the trader did not exit the market. The quick turnaround saw him immediately short DASH with 5x leverage, currently holding 73,000 coins (approximately $5.46 million market value), with an average entry price of $78.26, and an unrealized profit of $255,000, making him the largest DASH short position on the chain.

This is not the first operation by this address. Looking back at history, during a period when he was continuously increasing BTC holdings on a major exchange, he was heavily shorting mainstream coins like BTC and ETH. At one point, with a position size of $120 million, he ranked first on the platform’s BTC short leaderboard. It’s clear that this trader has a strategic approach to contrarian positioning—immediately switching to new targets after liquidation, shifting from BTC and ETH shorts to DASH shorts, continuously betting against the market trend.

DASH-10,61%

BTC-2,23%

ETH-3,67%

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BlindBoxVictim

· 6h ago

This guy is really the king of contrarian trading. Losing 320,000 and still daring to short with leverage—I'm truly impressed by this mental toughness.

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HodlVeteran

· 6h ago

Bro, I recognize this move right away. This reverse strategy, I used to play it back in the day too. And the result... losing 320,000 isn't even a big deal. The key is that once the leverage is activated, the market turns around immediately. Why can't I ever learn this lesson?

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LeverageAddict

· 6h ago

This guy is really a reverse genius. Lost money, but immediately turned around and made it back with short DASH.

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BearHugger