2026-01-08 10:23:22

Friends who have been paying attention to on-chain data might have noticed an interesting phenomenon. As Bitcoin continues to decline, a super-large whale (address 0x94d37) on a derivatives platform has started to reverse its short position strategy. This whale currently holds a 10x leveraged short position of 1599.61 BTC, with an exposure of approximately $144 million, and the entry cost is around $91,331.6. Now, the unrealized profit has accumulated to $2.1 million.

Interestingly, this is not the whale's entire operation. In addition to the large short position in BTC, it is also simultaneously holding high-leverage short positions on 6 altcoins, and these positions are also in the green. This systematic short deployment, to some extent, reflects this major player's clear judgment on the short-term market trend — bearishness is the main tone. Such whale movements are always a noteworthy signal for traders who follow the strategies of major market players.

BTC-4,69%

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GasFeeSurvivor

· 01-11 07:13

This whale made a killing, with a floating profit of 2.1 million, directly earning effortlessly. The short positions are so widespread, it’s definitely a bet that the market will continue to fall. Altcoins are also being shorted together; this guy is really bearish on the future market. To follow or not to follow, that is the question. Looking at his heavy position, it indeed has some short-term reference value. The whale is moving, retail investors are trembling, it’s a classic script. With an exposure of $144 million, he’s really bold. If there’s a rebound, he’ll suffer losses. This round of shorting system is so strong; it feels like the market isn’t very optimistic. Watching his position movements can save a lot of tuition fees. Making so much money and still adding more—either he’s very confident in the bearish outlook or he’s gambling in numbness.

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WalletAnxietyPatient

· 01-10 22:55

2.1 million unrealized profit isn't much; the key is that this whale is really bold. They dare to hold a BTC short position with 10x leverage so heavily, a single reverse spike could blow it up.

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CryptoHistoryClass

· 01-10 22:03

*checks on-chain data* ah yes, the classic "systematic short deployment" playbook... statistically speaking, this is exactly how the 2018 bear market capitulation phase started lol history doesn't repeat but it sure as hell rhymes, doesn't it? 0x94d37 reading the room while everyone else is still cope-posting about "accumulation zones"

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BlockBargainHunter

· 01-09 11:16

2.1 million floating profit, wow. This whale's rhythm is really aggressive.

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GasWaster

· 01-08 10:52

Whales are dumping, retail investors are still buying the dip, this is the reality.

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SilentObserver

· 01-08 10:52

This whale is really ruthless, with a floating profit of 2.1 million and still not satisfied. The short position is so aggressive, we need to be careful. 1599 BTC short position, turns out to be a big gamble. Shorting altcoins too? This guy really looks down on this round of rebound. Can big traders make money by following the trend? Why do I always end up taking the loss? This is the gap. They have a systematic layout, while we are still debating what to buy. The movements of whales are indeed worth watching, but many are also caught in the trend. A cost of over 91,000 definitely makes me laugh to death now. If this pace continues, will we have to go back to the 9,000s again? With such absolute bearishness, I’m actually a bit panicked.

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AlgoAlchemist

· 01-08 10:48

Whales' recent short positions are indeed aggressive; a floating profit of 2.1 million is no small amount... But I feel that signals of "clear bearishness" should actually be approached with caution. The more certain you are, the easier it is to be caught on the wrong side.

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DefiOldTrickster

· 01-08 10:45

This guy borrowed 1599 BTC to play with 10x leverage. I just want to see when he'll get liquidated, haha.

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OnChainDetective

· 01-08 10:25

ngl, that 0x94d37 wallet clustering pattern is giving serious coordination vibes... traced through multiple hops, timing's way too clean. suspicious activity detected fr fr

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BlockchainGriller

· 01-08 10:25

This whale's short position is about to make a huge profit, playing with leverage really aggressively.

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