The resilient whale suffers another defeat: closed ETH positions with a loss of 45,000, shifting towards high leverage FARTCOIN

This “30 consecutive losses in long positions” whale suffered another loss today. According to on-chain monitoring platform Hyperinsight data, this trader closed their ETH long position on January 8th, incurring a loss of $45,000. More notably, they did not stop there; instead, they turned to the higher-risk FARTCOIN, currently holding a position of 8.53 million tokens with 10x leverage, already showing an unrealized loss of $386,000.

The whale’s new round of losses

ETH position closure

Today, this whale closed their ETH long position, realizing a loss of $45,000. Although the loss amount is relatively modest, considering the label “30 consecutive losses in long positions,” it clearly indicates a repeatedly unsuccessful trader. Given the market performance of ETH during the same period—BlackRock invested $102.9 million in ETH on January 5th, and Grayscale launched staking rewards to attract institutional investors—this closure seems somewhat ill-timed.

Risks of high leverage in FARTCOIN holdings

What’s more noteworthy is that after closing the ETH position, this whale shifted to FARTCOIN, a meme coin. The current holdings are as follows:

This position has several notable features. First, the high leverage—10x means a 10% price drop could trigger liquidation. Second, FARTCOIN’s market performance itself is not ideal. Although the meme coin market overall has surged (market cap surpassing $51 billion), FARTCOIN has fallen 11.20% in the past 24 hours and only increased 40.35% over the past 7 days. The entry price of $0.4299 is already below the current price, indicating that this whale’s entry timing was not optimal.

Market context comparison

Interestingly, this whale’s actions contrast sharply with the current mainstream market trend.

According to recent news, institutional investors are actively deploying ETH: BlackRock’s Ethereum ETF bought $102.9 million worth of ETH on January 5th, marking a significant recent buy-in. Grayscale’s ETHE has also started distributing Ethereum staking rewards to shareholders, indicating that ETH ETFs are evolving from pure price-tracking tools into income-generating products.

Meanwhile, well-known traders like 0x10a3 are increasing their holdings of ETH and BTC, currently holding 500 BTC and 5,000 ETH, with unrealized profits exceeding $3.5 million.

In contrast, this “repeatedly losing” whale closed ETH positions and shifted to high-risk, high-leverage meme coin holdings. Such strategic choices are evidently at odds with the institutionalized trend of the market.

Summary

This whale’s latest moves reflect two different trading philosophies. On one side are institutions and mature traders making rational allocations based on fundamentals and market sentiment—adding to ETH when supported by institutions and positive sentiment. On the other side is this whale engaging in short-term speculative, high-risk trades—closing relatively stable ETH positions and turning to high-leverage meme coins.

From the results, the former strategy has already yielded positive returns, while the latter has fallen into unrealized losses. The reason the label “30 consecutive losses in long positions” is attached to this whale may be because he consistently pursues short-term gains through high-risk leverage trading, neglecting the long-term market trend. The 10x leverage position in FARTCOIN faces significant risk amid current market volatility.