2026-01-07 03:30:29

A high-risk bet by a whale is currently playing out with a loss on the scene.

This on-chain big player, who once deposited all at once and sold 255 BTC, opened a highly aggressive multi-asset short position on January 3rd — 10x leverage on BTC, 15x on ETH, 20x on SOL and XRP, and a more conservative 3x on STBL. It sounds like a bet that the market will experience a significant pullback.

However, the market did not follow this whale’s script. As prices moved in the opposite direction, the account’s unrealized loss has already exceeded $7 million. Even more heartbreaking, this position once had a paper profit of $5.5 million, but now it has directly reversed into a net loss of $2.5 million.

The speed at which the paper profit turned into an actual loss is as heartbreaking for this big player as it is swift. The #数字资产动态追踪 $BTC $ETH linkage once again proves how sensitive the balance of risk and reward is in leveraged trading.

BTC3,28%

ETH6,35%

SOL3,15%

XRP4,26%

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DaoGovernanceOfficer

· 01-10 01:49

empirically speaking, this is exactly what happens when you ignore basic portfolio theory. the data suggests that 20x leverage on *anything* is essentially a liquidation lottery, not a trade. honestly, governance mechanisms would never permit such nonsensical risk allocation if we had proper token-weighted voting on capital allocation 🤓

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NFT_Therapy

· 01-07 18:47

Haha, even whales can flip over. Leverage is truly a double-edged sword. --- 7 million gone, probably too scared to look at the account. I need to play Mahjong to calm down. --- A paper profit of 5.5 million directly turns into a loss? This turnaround is too extreme. The market is just so ruthless. --- 20x SOL short position... this guy really dares to gamble. He should be meditating right now. --- Why do big players love to play like this? If you have money, you gotta take risks. --- Whales that look glamorous on-chain also get caught in the leverage trap. It's quite ironic. --- Earning back half in a month is already good. If this guy can hold on, he's considered a winner.

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NftBankruptcyClub

· 01-07 04:00

7 million floating loss... This guy is really playing with fire, shorting with 20x leverage? Are you crazy?

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GasGuzzler

· 01-07 03:54

Even whales have their crashes, huh? Playing with leverage like this... truly impressive.

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AllInDaddy

· 01-07 03:39

Wow, still daring to play with 20x leverage? Even whales can't save you, haha

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AirdropworkerZhang

· 01-07 03:31

Wow, did this guy really bet his life on it? Going from a paper profit of 5.5 million to a loss of 2.5 million, I truly respect the speed of this turnaround.

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