Whale shifts to short: after liquidating $413 million, the strategic counterparty doubles down on short positions

2026-01-14 05:34:12

【BlockBeats】Another dramatic reversal.

According to on-chain data monitoring, a strategic counterparty address completed a impressive liquidation on January 14th — first clearing $413 million in long positions, directly pocketing $14.5 million in profit. Then they changed their mind and turned to short.

This entity is not playing small. Currently using 20x leverage to heavily short, with a position size of: 315.89 BTC (equivalent to $30 million), 901.85 ETH (about $3 million), and 13,800 SOL (about $2 million). The account is currently facing slight unrealized losses, but that’s clearly not what they are truly concerned about.

Even more interesting is the operational logic of this address. During a previous cycle when a major player was continuously increasing BTC holdings, this entity had already begun establishing short positions in BTC and ETH. At that time, their holdings reached $120 million, once becoming the largest BTC short on a major leveraged trading platform.

From long to short, from bullish to bearish — stories in the trading world always flip like this. Whether this is risk hedging or a genuine judgment on the market’s future, only these big players probably know for sure.

BTC-0,08%

ETH0,79%

SOL0,4%

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0xOverleveraged

· 01-17 05:32

1.45 billion dollars in profit and running away, this whale really knows how to play... turning around to 20x short, is it betting on a crash or what? --- It's the same old trick, cutting long positions at high levels and immediately opening shorts, feels like waiting for the next wave of decline. --- 315 Bitcoin with 20x leverage, not afraid of floating losses? This guy's experience is really impressive. --- 14.5 million in profit isn't enough, and now there's another round of shorting to harvest? Only someone this greedy would do that. --- Wait, is this logic a premeditated ambush? When the main force adds to their position, they switch to short, clearly targeting a trap. --- Using 20x leverage to heavily short, the account's condition is extraordinary, really playing the on-chain opponent to the extreme. --- The question is, there's no such thing as being too greedy, earning so much isn't enough, gotta take a shot and go short. --- This whale's trading strategy has some substance, but 20x shorts are really risky—one rebound and it's all lost. --- Daring to short with millions in trading volume and 20x leverage, this guts isn't ordinary. --- Switching to short? Then the bulls need to be careful, this whale is about to start harvesting.

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RugPullSurvivor

· 01-14 06:03

Wow, this whale is playing quite wildly. Made 14.5 million and then went all in on a short. Truly brave.

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RugPullAlarm

· 01-14 06:03

Once again, it's the same old reverse harvesting tactic. Clearing $413 million in long positions at once, making a $14.5 million profit, then turning around to short? This rhythm feels too familiar. I suspect it's not really a strategy shift, but just accumulation.

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just_another_fish