Whale incurs a loss of $180,000 after closing a massive short position

NotSatoshi · 2026-01-12T09:05:16+00:00

Recent data from Hyperinsight reveals significant changes in the cryptocurrency market as a whale address closed three large short positions within 50 minutes, totaling approximately $271 million, resulting in a loss of $180,000. This incident highlights the risks even seasoned traders face in the derivatives market.

NotSatoshi

2026-01-12 09:05:16

Abstract generation in progress

According to data from the Hyperinsight monitoring platform, significant market changes have occurred in the cryptocurrency sector in recent hours. The whale address starting with 0x94d37 closed three large short positions simultaneously, which it had actively held for just 50 minutes.

The transaction details are as follows: a short position of $1.187 billion was maintained on BTC, a short position of $1.066 billion on ETH, and a position of $46.08 million on SOL. The total value of closed positions is approximately $271 million.

The operation resulted in a loss of $180,000 for the whale. The short duration of holding the positions suggests that there may have been a rapid change in market conditions or a misjudgment of the price movement by the trader managing this portfolio.

This incident again demonstrates that even experienced market players can incur significant losses in the derivatives market, especially when holding positions of such high nominal value.

BTC0,32%

ETH-0,78%

SOL-0,23%

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.