Large BTC holders are reducing risk: Solana's leverage drops from 20x to 10x

GweiWatcher · 2026-01-13T08:36:19+00:00

A major Bitcoin investor, known by address 0xb31, has restructured their portfolio to minimize losses. Key changes included reducing leverage on Solana (SOL) from 20x to 10x, lowering current losses significantly. Overall, the portfolio is worth $754 million, with major losses in Ethereum (ETH) valued at $601 million and $387 million in unrealized losses. The strategy now incorporates stop-loss mechanisms amid changing market conditions.

GweiWatcher

2026-01-13 08:36:19

Abstract generation in progress

A major Bitcoin investor, known by the address 0xb31, has decided to restructure their portfolio to minimize potential losses. The most significant change involved the position in Solana (SOL): leverage was reduced from 20x to 10x, allowing current losses to be cut from a higher level to $43.9 million.

Overall Portfolio Picture: $754 Million Under Pressure

The total value of all active positions held is approximately $754 million. The margin allocated for these trades reaches $395.9 million. Such a volume of equity indicates a serious approach to risk management, but the current situation requires active adjustments.

Where Are the Main Losses Concentrated?

The largest losses are recorded in the Ethereum (ETH) position. With 5x leverage, the long position is valued at $601 million, with an unrealized loss of $387 million. This suggests that ETH accounts for the majority of the negative result.

Bitcoin (BTC) in the holder’s portfolio takes a more modest place: a 5x leveraged position amounts to $87.96 million with a loss of $35.2 million.

SOL After Adjustment: Part of the Risk Management Plan

The new Solana position with 10x leverage has a value of $64.67 million and a loss of $19.1 million. Reducing leverage is a tactical move aimed at preventing further expansion of losses in case of unfavorable price movements.

Holder’s History: From 50,000 BTC to a Protection Strategy

This investor previously held more than 50,000 BTC. Currently, the strategy includes the use of stop-loss mechanisms, driven by both external factors (political comments) and changes in regulatory conditions. Such a review of approaches indicates that major players are actively adapting their investment strategies to new market realities.

BTC-0,84%

ETH-0,52%

SOL-1,96%

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.