Whale reverse operation: After closing ETH short positions, heavily increased BTC positions, with an unrealized loss of $565,000

DAOplomacy · 2026-01-21T03:26:10+00:00

A major trader closed their ETH short position and, after earning $1,312,000 in profit, quickly used 20x leverage to go long on 754.92 BTC, with an average entry price of $89,848.3. Currently, there is an unrealized loss of $565,000, indicating their aggressive trading strategy and high confidence in the market.

DAOplomacy

2026-01-21 03:26:10

Abstract generation in progress

【BlockBeats】Interesting big move by a trader. This whale first closed their ETH short position today, earning $1,312,000, then immediately shifted from observation to fully deploying on BTC.

Currently, this large holder has used 20x leverage to go long on 754.92 BTC, which is roughly $67.27 million in USD terms. However, the entry process was a bit rushed, with an average price stuck at $89,848.3. The price has now dipped slightly, resulting in an unrealized loss of $565,000.

Looking at this operation logic, they first closed their short to lock in gains, then immediately turned bullish. This pace is somewhat aggressive. The high leverage indicates strong confidence in the long position, but the risk is also evident. The market has been in a tug-of-war lately, and the movements of big players often provide us with some clues.

ETH-5,36%

BTC-1,78%

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SleepyValidator

· 2h ago

20x leverage 754.92 BTC, this guy really dares, with a floating loss of 565,000 still able to stay steady. I just want to ask, who else?

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PaperHandSister

· 2h ago

Using 20x leverage to go all-in on BTC, this guy really dares to play. He's already lost 560,000 and is still holding on. I just want to see how this will end.

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Fren_Not_Food