"Rebalancing to long 350 million BTC position" - The whale closed their BTC long position to cut losses, withdrawing $31 million to exit the market.

GateUser-6433627c · 2026-01-08T04:27:08+00:00

On January 8th, Coinbob monitoring showed that a whale closed a long position of 3,846 BTC, incurring a loss of approximately $3.6 million. The address also holds 30,060 stETH and $370 million in assets, and recently deposited $35.5 million into Hyperliquid, once becoming the platform's largest long position.

GateUser-6433627c

2026-01-08 04:27:08

Abstract generation in progress

On January 8th, according to Coinbob’s popular address monitoring, in the past 4 hours, the “long position of 350 million BTC” whale has closed all 3846 BTC long positions (approximately 350 million USD), with a total loss of about 3.6 million USD. This whale previously placed a buy order for BTC up to 93,300 USD. After closing the position, the remaining 31.7 million USD in margin has been fully withdrawn. This address is also a large holder with 30,060 stETH (worth about 97 million USD) and has deposited 370 million USD assets on the Aave platform. In recent days, it has deposited a total of 35.5 million USD into Hyperliquid and yesterday opened a position of 3846 BTC long, with the position size once reaching 350 million USD, becoming the largest long position of BTC on the platform.

BTC-2,59%

STETH-2,39%

AAVE0,48%

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