Whales are again floating in loss. This time, are they reducing BTC positions or covering ETH short positions?

2026-01-12 07:40:10

Abstract generation in progress

【Blockchain Rhythm】On January 12th, a whale address 0x50b30 adjusted its position again. This large holder on the chain continued to cut 16.96 BTC longs, taking a realized loss of $4,401. But interestingly, he did not fully cut his position—he is still using 20x leverage to go long on 16.96 BTC (worth about $1.55 million), with an unrealized loss approaching $5,000.

What’s more heartbreaking is his short position dilemma. This whale is short 11,366.46 ETH with 14x leverage, with an entry average price of $3,073.66. Now, this short position’s unrealized loss has expanded to $843,000.

It seems this whale not only has disagreements on BTC but also has suffered significant losses on ETH. Should he continue to hold on stubbornly, or prepare to cut losses and exit? We’ll need to keep observing this move.

BTC1%

ETH0,54%

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GateUser-bd883c58

· 8h ago

Hey, this whale is really outrageous. An unrealized loss of 840,000 on a short position and still not closed? How tough is that...

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Deconstructionist

· 8h ago

This whale is really having a tough time, with a floating loss of 840,000.. still stubbornly holding onto the ETH short position, truly a gambler's mentality.

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WalletManager

· 8h ago

Haha, this whale probably hasn't done a good job with on-chain risk management. Holding on to a floating loss of 840,000? I think he should seriously reflect on his private key and operational logic.

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DefiVeteran

· 8h ago

Uh... this guy is also tough, holding an 840,000 short position with unrealized losses and still not selling?

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ETH_Maxi_Taxi

· 8h ago

Is this whale playing "double pain"? After cutting BTC, they still keep holding, and ETH short positions are losing so much that they don't run? Do they really have to lose 840,000?

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GateUser-75ee51e7

· 8h ago

843,000 floating loss... This guy is really playing with fire. Holding onto an ETH short position like this will eventually lead to a liquidation.

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ForkThisDAO

· 8h ago

This whale is really tough. Still not selling with a floating loss of 840,000. I don't have the mental resilience for that.

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