2026-01-08 02:26:04

A major exchange staged a brutal stop-loss by a large trader. Yesterday, this whale/institution transferred a total of $35.5 million USDC in one go and then started aggressively going long on BTC. By 2 a.m., he had accumulated a long position of 3,846 BTC (worth $350 million), with an average entry price of $92,096.

He appeared confident, but the market did not follow the script. BTC then quickly reversed and retraced. By morning, he couldn't hold on anymore and closed his position at an average price of $91,158, ultimately losing $3.8 million. A 24-hour long position ended in failure. After closing, he withdrew all remaining $31.7 million USDC back to his on-chain wallet and completely exited the market.

This trader once made $96.67 million through swing trading on ETH, but his aggressive move on BTC this time was not as lucky. It seems that even experienced traders have to bow their heads when market conditions suddenly change.

BTC-0,07%

ETH-0,61%

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.

19 Likes

Reward
19
6
Repost
Share

Comment

0/400

GasWaster

· 01-10 11:13

3.8 million USD gone just like that, how strong must one's mindset be to hold up?

View OriginalReply0

MEVEye

· 01-10 02:04

3.8 million USD just disappeared like that, even the top earners have to kneel.

View OriginalReply0

LiquidatedDreams

· 01-08 02:54

3.8 million dollars just gone like that, oh my god, this is what you call truly a night back to the pre-liberation era.

View OriginalReply0

BrokenDAO

· 01-08 02:53

Hmm, that illusion of "experience equals profit" has shattered again. A $350 million long position gave up within 24 hours, what does that indicate? The incentive mechanism has failed. Large positions are actually no different from retail traders in the face of market liquidity, which is the fundamental flaw in market design— the larger the scale, the more likely it is to become a target for hunting. The over 96 million earned on ETH in the past is at best a survivor bias story.

View OriginalReply0

LightningHarvester

· 01-08 02:45

$3.8 million just disappeared like that, even big players have to suffer losses.

View OriginalReply0

MeaninglessGwei

· 01-08 02:44

3.8 million USD gone just like that, that was really bold...

View OriginalReply0