Whale stops loss on $12.24 million BTC long position; recent signals of bulls cutting losses appear frequently.

A whale closed a $12.24 million BTC long position with a stop-loss at 16:51 on January 8th, incurring a loss of $15,000. Currently, the address no longer holds any positions. This trade itself has a relatively small loss (about 0.12%), but in the context of recent market conditions, it reflects a more noteworthy phenomenon: confidence among BTC longs is beginning to waver.

Market Background of the Stop-Loss Event

BTC is currently priced at $90,281.27, down 2.60% in the past 24 hours. Although it has still gained 3.08% over the past 7 days, short-term pressure is evident. Under such price suppression, multiple whales have been intensively stop-lossing BTC long positions in the past two days.

Signals of Long Positions Being Cut

According to the latest news, recent whale stop-losses of BTC longs are not isolated cases:

• 00:32 on January 8th, whale 0xfb7 closed a BTC long position, losing $3.77 million (20x leverage)
• January 7th, a “die-hard long” stopped out of a BTC long, losing $1.689 million
• January 7th, a whale holding a BTC long for 53 days was stopped out, with a loss of $588,000

These events occurred within just two days, indicating that the long camp is experiencing a confidence test. Especially those with longer holding periods (such as the 53-day position), choosing to cut losses at this point usually signals a change in the holder’s outlook on the market.

True Reflection of Deepening Market Divergence

Interestingly, while longs are stopping out, the short camp is also actively taking action. According to the latest news, after a whale stopped out of a 53-day BTC long on January 7th, it immediately opened a short position on 139.62 BTC (about $12.94 million) with 3x leverage, reflecting a clear divergence in market sentiment.

On the same day, another whale closed a $41.33 million BTC short position for a profit of $128,000, indicating that both longs are cutting losses and shorts are taking profits. This tug-of-war between bullish and bearish forces is becoming the norm in the current market.

New Changes in Whale Strategies

It’s worth noting that some whales are not entirely bearish. According to the latest news, after closing BTC longs, some whales have shifted to short positions, and others are building long positions in other tokens (such as a $9.74 million SOL long). This suggests that whale stop-losses are not purely bearish signals but part of more nuanced risk management—adjusting position structures selectively amid BTC’s pressure.

Market Implications

This stop-loss event itself is not large-scale, but the market sentiment it reflects warrants attention. The fact that longs are beginning to close positions intensively under a 2.6% BTC price decline indicates that current long positions are highly leveraged (many are high-leverage positions), and market expectations for BTC’s near-term trend are mixed.

On-chain data shows that whale behavior often leads the market. When longs start cutting losses, shorts start taking profits, and market participants adjust their positions, it can be a sign of an impending market reversal.

Summary

Although this whale’s stop-loss trade is not the largest in scale, it is a microcosm of the recent loosening of long confidence. Against the backdrop of short-term pressure on BTC, multiple whales intensively stop-loss, and the ongoing tug-of-war between bulls and bears, the market is in a relatively sensitive phase. Future focus should be on whether this wave of long liquidations will escalate into a larger stop-loss trend, and whether bears can seize the opportunity to push further. For ordinary investors, paying attention to the changing behavior of whales often provides more meaningful insights than any single trade itself.