2026-01-07 18:34:30

A major whale continues to aggressively build their Bitcoin exposure. Wallet 0xFB78 has pushed their $BTC long position to an eye-watering 2,830 BTC—roughly $259.55 million in total value. The moves keep coming: just recently, this trader deposited another 20 million $USDC into Hyperliquid, signaling potential plans for additional $BTC positions. But here's the catch—the position is already underwater. Unrealized losses have crossed the $2 million threshold. Whether this is conviction betting on further upside or a risky leverage play remains to be seen. Traders tracking this wallet will be watching closely to see if conviction holds or if pain forces capitulation.

BTC-0.06%

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GasFeeVictim

· 5h ago

Wow, this guy is really fierce, still holding 2830 BTC... - Is this the legendary "buy more as it drops"? I'm starting to believe he really knows his stuff. - Losing 2 million and still adding more money, either a genius or a lunatic. - Honestly, I bet he won't last until the next rebound... - Losing everything but still daring to leverage up, such mentality is truly impressive. - HODL or sell out, it all depends on the next few days, feeling tense. - This rhythm... feels like betting on a big move.

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MidnightTrader

· 01-07 19:51

2830 BTC with a floating loss of 2 million still adding positions—does this guy truly believe or is he a gambler?

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GasFeeTherapist

· 01-07 19:04

Losing 2 million doesn't scare him at all. Is this guy truly committed or just a gambler's mentality?

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SandwichVictim

· 01-07 19:03

This guy really dares to gamble. Losing over 2 million and still keeps throwing money in.

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TradingNightmare

· 01-07 19:03

This whale must be crazy. Losing over two million and still pouring money in.

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GasFeeCryBaby

· 01-07 19:01

Over two million in unrealized losses and still adding to the position—does this guy truly believe or is he just a gambler?

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TopBuyerBottomSeller

· 01-07 18:58

Oh my, this guy is really ruthless. Losing over two million and still adding to the position? --- Putting 260 million in and still daring to pile in, either he's a genius or he's crazy --- I bet he won't hold on for long. Once the loss breaks 3 million, the real show begins --- This move looks like trying to catch the bottom, but it feels more like trying to catch his own ass --- Tracking this wallet is interesting. Let's see if he has an epiphany or gets liquidated --- Putting so much USDC into the contract, aren't you afraid of a flash crash wiping you out? --- 2830 Bitcoins, man. If this rebounds, he's a genius; if it keeps falling, he's a joke --- Am I the only one thinking this is just gambling? Should have cut losses long ago

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