Whale accounts turn bullish after a massive loss of $16.14 million, re-entering high-leverage long positions on BTC and ETH

DeFiCaffeinator · 2026-01-21T10:34:41+00:00

Onchain Data Platform Onchain Lens disclosed that a whale account incurred a loss of $16.14 million due to the large-scale sale of 255 BTC. Despite suffering significant losses, the account quickly adjusted its strategy and re-entered high-leverage trading. It currently holds a long position of approximately $60 million, demonstrating confidence in the market. However, high-leverage operations still face the risk of forced liquidation, and future performance is worth watching.

DeFiCaffeinator

2026-01-21 10:34:41

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Onchain Data Platform Onchain Lens recently disclosed a noteworthy trading story. A whale account that previously offloaded 255 BTC in the market incurred a total loss of $16.14 million due to this wave of aggressive operations. This massive loss involved the simultaneous closing of long positions in ETH, BTC, and SOL, making it a painful stop-loss liquidation.

From Selling to Clearing: The Story Behind the $16.14 Million Loss

Market volatility often reveals the fragility of large funds. The whale’s sale of 255 BTC ultimately did not yield the expected gains and instead led to a passive position during market adjustments. Not only was the Bitcoin position affected, but the account’s holdings in Ethereum and Solana also faced pressure, ultimately leading to a decisive full liquidation. The $16.14 million loss clearly demonstrates the decisiveness of this move and the significant market impact.

Risk Appetite Reboot: Whale Embraces Leverage Trading Again

Surprisingly, this whale, after experiencing a huge loss, did not exit the market. Instead, it quickly shifted strategy and reopened a series of high-leverage long positions. According to on-chain data, the account currently holds 15x ETH longs and 20x BTC longs, while also maintaining a 10x leveraged long position in Dogecoin and a 5x short position in Dash to hedge. This combination indicates that the whale’s risk appetite has rapidly rebounded. The total current position value is about $60 million, effectively restarting large-scale leveraged trading in a very short period.

Market Signals Behind High-Risk Operations

From liquidation to reversing to a long position, the whale’s quick turnaround may reflect a new judgment by large funds on the market’s future trend. However, it’s worth noting that such ultra-high leverage operations—20x in BTC and 15x in ETH—mean that even limited price corrections could force the account to face a margin call. The lesson from the $16.14 million loss is still fresh, and whether this large-scale long positioning can reverse the downward trend remains to be seen by the market.

BTC-0.6%

ETH-1.31%

SOL1.49%

DOGE0.31%

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