Another huge unrealized loss! Swing whale's 1,000 BTC long position loses $6.54 million

HashBard · 2026-01-21T02:58:13+00:00

The spot price of Bitcoin drops below $88,000, causing a trader using 3x leverage long position to face a floating loss of $6.54 million. After closing their Ethereum position, the trader attempted to seize a Bitcoin swing opportunity, but the market did not develop as expected. Future actions will depend on their risk tolerance.

HashBard

2026-01-21 02:58:13

Abstract generation in progress

【Blockchain Rhythm】Bitcoin briefly fell below $88,000 this morning, causing trouble for a certain trader. The 3x leveraged long position on this address—1,000 Bitcoins, worth approximately $91.53 million—has already unrealized a loss of $6.54 million. The average entry price for this position is $95,614.5.

This whale trader’s logic is very clear. On January 16, he just closed his Ethereum long position to take profits and exit, then immediately jumped into a Bitcoin long. It seems he wanted to amplify gains by riding the wave, but the market trend this time didn’t seem to go as he hoped. The current unrealized loss is still changing, and his next move will depend on his risk tolerance.

BTC1,2%

ETH1,6%

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CodeAuditQueen

· 4h ago

This is a typical logic overflow—decision bugs under high leverage. Entered at 95614, dropped to 88000. The risk model for this move has issues.

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ImpermanentPhilosopher

· 20h ago

Ha, it's the cost of chasing highs in swings again. The BTC bought at 95614 is now like this. 4.54 million evaporated directly. Leverage is really a double-edged sword. Trying to switch from ETH to BTC to catch a swing, but got caught in a trap. The pace is fast enough. How strong must one's risk tolerance be for this kind of operation? I really don't understand. 1,000 coins... If it were me, I would have already been liquidated mentally.

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GasOptimizer

· 20h ago

The average entry price of 95614, luckily it's a big player; if it were me, I would have been liquidated long ago. Efficiency of capital utilization is indeed an art.

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ContractCollector