According to on-chain data monitoring, around 14:45 on January 21, a large holder closed a long position of 321.91 BTC, resulting in a loss of $25,000.
Interestingly, this trader did not exit the market entirely. Currently, he remains quite aggressive—using 3x leverage to go long on 638,200 LIT tokens, with an average entry price of $1.89, and a floating loss of $172,600.
This pattern of first closing BTC positions and then switching to LIT reflects the risk allocation logic of market participants across different cryptocurrencies. After stopping out of BTC, the large holder did not leave the market but instead adjusted his position and continued to add, indicating a sustained optimism toward a certain market direction—despite the temporary unfavorable floating losses.
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.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
BlockchainFries
· 01-21 07:55
BTC is cutting orders and switching to LIT to play with 3x leverage. I really can't understand this logic, and the losses are still increasing...
View OriginalReply0
TokenomicsPolice
· 01-21 07:54
Haha, this guy is really ruthless. After cutting 25,000 in BTC, he dares to turn around and go all-in on LIT with 3x leverage. Is he a gambler or a gambling god?
Such a small coin like LIT, and he's playing like this. Still holding on with a floating loss of 170,000. How strong must his mentality be?
Honestly, I can't quite understand this logic. How can someone be so obsessed with losing money?
Stop-loss from BTC to LIT? Buddy, I think you're just losing money to seek attention.
This big player probably wants to turn things around with LIT. Dreams are fine, but the leverage is too aggressive, ugh.
Losing 25,000 is enough, and you still have to gamble with 170,000. That's just ridiculous.
View OriginalReply0
SignatureDenied
· 01-21 07:48
Bro, your move is really bold. You lost on BTC and turned around to go all in on LIT, with 3x leverage... I don't have that kind of guts.
View OriginalReply0
GhostAddressHunter
· 01-21 07:48
Still daring to use 3x leverage on LIT after losing, this guy really isn't afraid of death.
View OriginalReply0
MidnightGenesis
· 01-21 07:39
Monitoring shows that this guy is gambling. After a stop loss of 25,000, he turned around and went all-in on LIT... This operational logic is quite interesting, it feels like he's betting on a certain market expectation.
Late at night, when checking on-chain data, this kind of switching pattern... is worth noting. Large investors are fleeing from BTC and directly pouring into LIT with 3x leverage. Either they have inside information or they are just taking a gamble.
Based on past experience, people who add more of different coins immediately after a stop loss... either make a huge profit or continue to hold with floating losses. This person currently has a floating loss of over 170,000, which looks quite intense.
From on-chain data, the timing of this operation is quite interesting... Could there be some contract change I haven't noticed?
View OriginalReply0
DaoDeveloper
· 01-21 07:38
so this dude ate 25k on btc then immediately yolo'd into lit with 3x leverage... the composability between "cutting losses" and "doubling down on alts" is *chef's kiss* game theory in action ngl
Reply0
TradFiRefugee
· 01-21 07:35
This guy is really bold, still daring to keep going after losing... 3x leverage LIT? Give me a break.
According to on-chain data monitoring, around 14:45 on January 21, a large holder closed a long position of 321.91 BTC, resulting in a loss of $25,000.
Interestingly, this trader did not exit the market entirely. Currently, he remains quite aggressive—using 3x leverage to go long on 638,200 LIT tokens, with an average entry price of $1.89, and a floating loss of $172,600.
This pattern of first closing BTC positions and then switching to LIT reflects the risk allocation logic of market participants across different cryptocurrencies. After stopping out of BTC, the large holder did not leave the market but instead adjusted his position and continued to add, indicating a sustained optimism toward a certain market direction—despite the temporary unfavorable floating losses.