Whale loses 23 million in 5 days: switches from long to short after clearing mainstream coins

GasFeeLady · 2026-01-20T00:04:12+00:00

A whale trader's account experienced extreme volatility, with profits dropping sharply from an initial $25.7 million to $2.58 million, resulting in a loss of over $23 million. He has closed all long positions in BTC, ETH, SOL, and DOGE, and is now short on these assets. This move has attracted market attention.

GasFeeLady

2026-01-20 00:04:12

Abstract generation in progress

[BiTu] A major trader’s account has recently experienced a rollercoaster. This whale once held 255 BTC, but has now completely closed all long positions in BTC, ETH, SOL, and DOGE, incurring a loss of $2.64 million.

The current situation is: he still holds an unaltered short position in DASH, while also shorting BTC, ETH, and SOL with $100 each. It sounds small, but the background is even more shocking — this trader’s account profit dropped from a high of $25.7 million to $2.58 million in just five days. In other words, he experienced an unrealized loss of over $23 million during this cycle.

From a long dream shattered to a reverse strategy of shorting, this whale’s operational change is worth market participants’ reflection.

BTC-3,66%

ETH-6,83%

SOL-5,05%

DOGE-3,96%

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.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

MetaNeighbor

· 22h ago

Ha, this giant whale really took a huge loss, losing 23 million in 5 days. I just regret not shorting this wave. This kind of contrarian move really shows the issue—market sentiment has truly reversed. But a short position at $100 seems a bit... "safe"? What does it say about the big players stirring things up?

View OriginalReply0

TrustMeBro

· 22h ago

Huh? 255 Bitcoins just like that, dreams shattered. I feel sorry for him... Is this quick shorting a tantrum or genuine bearish outlook? In just 5 days, 23 million disappeared. How strong must his mental resilience be?

View OriginalReply0

NonFungibleDegen

· 22h ago

yo this whale just went from "we're early" to "short everything" real quick lmao... $23m down in 5 days is just peak crypto energy ngl

Reply0

AirdropHunter

· 22h ago

$23 million lost, how painful that must be for this guy... --- Wait, 255 Bitcoins wiped out directly? Is this really bottom fishing or being hammered out? --- From $25.7 million to $2.58 million in five days, this is what they call "market education," right? --- Counter shorting by 100 bucks... is that all? Bro, are you just throwing a tantrum or really bearish? --- The key is psychological resilience. Losing to this extent and turning to short... shows you've truly been beaten. --- Bullish dreams shattered, going short in reverse, feels like being slapped hard by the market and still wanting to keep playing. --- 255 BTC, the pain of clearing out this position must be immense. --- I actually can't understand this kind of big investor turning around, because they’re not short of money, more like throwing a tantrum. --- Small investors can't learn this trick; if they lose $23 million, they can still short, but our methods are different. --- The most ridiculous part is the scale of the $100 short... feels a bit ironic.

View OriginalReply0