2026-01-18 13:22:24

On-chain data monitoring has detected an interesting phenomenon: a whale that once sold 255 BTC has recently engaged in leveraged trading on DASH and DOGE—short 5x on DASH and long 10x on DOGE. Interestingly, this major holder's main positions are actually quite conservative: long positions in BTC, ETH, and SOL totaling $457 million, with an unrealized loss of $3.3 million.

This contrast is quite thought-provoking. On one hand, holding nearly $500 million in mainstream cryptocurrencies long positions, while on the other hand, testing the market with leverage on smaller coins—Is this a risk hedging strategy, or simply testing new trading ideas? Or perhaps they believe the mainstream market isn't very promising in the short term and are looking for opportunities elsewhere. Although the current losses are not significant, how these positions will develop remains to be seen.

BTC-0,53%

DASH5,72%

DOGE-3,06%

ETH0,18%

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.

5 Likes

Reward
5
5
Repost
Share

Comment

0/400

MentalWealthHarvester

· 10h ago

What is this whale betting on? 457 million isn't enough for it to mess around with?

View OriginalReply0

SeeYouInFourYears

· 10h ago

What is this whale playing at? With 500 million in the main position, turning around to 10x long on DOGE? They really treat small coins as a joke.

View OriginalReply0

MaticHoleFiller

· 10h ago

Uh, is this big player playing with fire? With a 500 million mainstream coin position, they still dare to 10x DOGE. Really not afraid of liquidation.

View OriginalReply0

GreenCandleCollector

· 10h ago

This whale buddy really knows how to play. With a 500 million mainstream coin position, he still has to split it to leverage DOGE? Truly impressive.

View OriginalReply0

LayerZeroEnjoyer

· 10h ago

This whale is probably just bored, with over 500 million holdings not enough, insisting on going all-in on DOGE with 10x leverage. Wait, shorting DASH with 5x leverage still doesn't make money? This coin is really doomed. Mainstream coins losing 3.3 million and not caring, but playing leverage on small coins, so funny. 255 Bitcoins can be sold off easily now, what’s this move? Feels like just throwing a tantrum. This brother probably just wants to turn things around with DOGE and DASH alone, hilarious. Over 500 million dollars long only lost 3.3 million, must be a professional player. It doesn't look like risk hedging, just trying out new tricks. This leverage play will eventually lead to big losses, I bet 5 bucks.

View OriginalReply0