2026-01-07 04:21:04

An interesting on-chain story is unfolding. This whale, who previously deposited and sold 255 BTC on a major exchange, has recently been playing quite aggressively.

On January 3rd, this big player opened long and short positions across multiple markets with quite aggressive leverage—using 10x on BTC, 15x on ETH, 20x on SOL and XRP, and even adding 3x leverage on USDT stablecoins. It looks like they were betting on a bearish market.

But things often don't go as expected. As the market moved in the opposite direction, this whale's overall position started to suffer significant unrealized losses. In just a few days, the account's profit dropped from a peak of +$5.5 million to a net loss of about $2.5 million. The total unrealized loss exceeded $7 million.

This move serves as a textbook lesson in position management—high leverage can be tempting with big gains, but risks are amplified equally. Even whales with large capital have to pay tuition when facing market volatility.

BTC-0,43%

ETH-0,91%

SOL-2,46%

XRP-1,87%

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RumbleValidator

· 4h ago

This is a typical leverage trap—20x SOL crashes directly... No matter how big the whale, if they don't understand risk management, they'll still suffer losses.

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0xLostKey

· 01-08 14:17

Wow, this whale is really hardcore. Using 20x leverage to go all in, and ended up getting liquidated for over 7 million USD? That's what you call paying tuition, bro.

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SatoshiHeir

· 01-07 04:50

It should be pointed out that this brother made a fatal mistake—mistaking leverage for a printing press. On-chain data shows that once the 20x SOL position was taken, it was no longer trading, but gambling. Satoshi Nakamoto's white paper never discussed how to use stablecoins for leverage, but we all know what it means... The lesson from $7 million, gentlemen, is why I have always said that risk management is more important than choosing coins. Sadly, even whales have to pay tuition.

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DegenApeSurfer

· 01-07 04:50

Haha, this whale is really brave. Going all-in with 20x SOL leverage, I can't even understand this move. I'm stunned, losing 5.5 million directly, this is true tuition. Another story of high leverage, it makes my head hurt just watching. What was this guy thinking, going all-in so aggressively? The market just slapped him back. 700K floating loss, now he can write a book titled "How I Lost a Luxury Car in Just a Few Days." Damn, and he still dares to open 20x leverage, I would be scared to even use 10x. Whales can't escape the fate of leverage either; it seems everyone has to pay this tuition.

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RetroHodler91

· 01-07 04:46

Haha, this is the legendary "whale also has to pay tuition"... 7 million USD is gone just like that.

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PumpingCroissant

· 01-07 04:41

Haha, even this whale has to pay tuition. Playing with leverage is like this.

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StableGeniusDegen

· 01-07 04:24

Haha, this whale probably thinks of itself as a prophet, but ended up getting slapped in the face by the market. I've been calling for a downturn for so long, I didn't expect the market to reverse course directly, and $7 million just disappeared... Luckily, it's not my money in the account. High leverage is just poison; no matter how large the funds are, they can't withstand a sudden reversal.

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