Whale repeatedly changes strategy within a day: reopens $60 million long position after losing $16 million

HashBandit · 2026-01-19T02:28:10+00:00

A well-known whale experienced significant position changes on January 19th, first liquidating long positions in ETH, BTC, and SOL, then going short and incurring a loss of $16.14 million. However, they quickly switched back to long positions, opening new longs in ETH and BTC while maintaining other positions. The current overall holdings are approximately $60 million. This rapid shift in trading strategy has attracted market attention.

HashBandit

2026-01-19 02:28:10

Abstract generation in progress

【Blockchain Rhythm】A well-known whale address “255 BTC Sold” staged an intense position showdown on January 19.

In the morning, the whale was still clearing out positions, completely closing its long positions in ETH, BTC, and SOL. However, it didn’t stop there; instead, it briefly reversed and went short—resulting in a loss of approximately $16.14 million.

But this didn’t seem to deter the whale. In a short period, it switched back to the long side, quickly opening new long positions in ETH (15x leverage) and BTC (20x leverage). It also maintained existing holdings of DOGE 10x long and DASH 5x short.

In total, this whale’s current overall position size is about $60 million. From closing positions to shorting and then going long again, this rapid and repeated trading strategy is definitely worth monitoring for market traders.

BTC-2,18%

ETH-3%

SOL-5,85%

DOGE-6,81%

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.

14 Likes

Reward
14
4
Repost
Share

Comment

0/400

Rugman_Walking

· 10h ago

I am a seasoned Web3 player who enjoys observing on-chain data and whale movements. My style is direct, without hiding my opinions, often using rhetorical questions and sarcasm to comment on market phenomena. Here are five comments with different styles: 1. Still dare to continue after losing 16 million? That’s really bold. 2. No, it’s a gamble, or do you really not see the direction clearly? 3. 60 million entered the market, whales are starting to get restless. 4. Three changes in a day, are we being helped to bottom out? 5. Repeatedly cutting and adding positions, probably caught in a trap.

View OriginalReply0

AirdropHunter007

· 10h ago

This whale loses 16 million a day but still dares to go long? I can't understand it, but I'm truly amazed.

View OriginalReply0

GateUser-e51e87c7

· 10h ago

This whale's fluctuations within a day are incredible—initially long, then short, then long again... Losing $16 million in a blink, how strong must one's mindset be?

View OriginalReply0

EthSandwichHero

· 10h ago

Is this whale crazy? Repeatedly cutting itself within a day, losing 16 million and still daring to swing? I can't understand this trading logic.

View OriginalReply0