Whale "Counterparty" mass deactivates positions after BTC break

SignatureDenied · 2026-01-15T14:31:54+00:00

A prominent whale address significantly reduced its market exposure, liquidating over $170 million in leveraged positions as Bitcoin briefly hit $90,000. This move underscores caution among major traders when Bitcoin tests critical support levels.

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2026-01-15 14:31:54

Abstract generation in progress

A prominent whale address known for operating counter to MicroStrategy’s BTC purchases aggressively closed a large portion of its market exposure. According to Coinbob tracking data from January 9, activity surged when Bitcoin briefly touched $90,000.

Mass liquidation in one hour

The 0x94d address executed a decisive move that wiped out over $170 million in leveraged positions. This on-chain counterparty reduced its total portfolio from $352 million to $180 million, a 48% decrease in just sixty minutes.

Details of the closures

The 15x leveraged long position in Bitcoin contracted significantly: from $137 million to $31.27 million. The average execution price was $90,100.

In Ethereum, the move was similar. The 15x leveraged long position dropped from $137 million to $100 million, with an average closing price of $3,092.

This whale’s trajectory

The address began operating in December with an initial capital of approximately $20 million. It then gradually scaled up its long positions in BTC, ETH, and other major assets. Its strategy is explicitly opposite to MicroStrategy’s, which continues accumulating Bitcoin. This dynamic has led the market to identify it as the clear “on-chain counterparty” of the publicly traded company.

The mass closure suggests that even large operators become cautious when Bitcoin challenges their key support levels.

BTC-1.32%

ETH-1.89%

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