Whale Bottom-Fishing Record: $263 Million Large Order Already Lost $39.15 Million

NonFungibleDegen · 2026-01-15T01:22:18+00:00

A whale sold 300 WBTC when BTC broke above $97,000, receiving 29.11 million USDT to repay the loan. Since buying at the high last year, the market decline has resulted in a total loss of $39.15 million. Currently, they still hold 1,000 WBTC and need to cut losses later.

NonFungibleDegen

2026-01-15 01:22:18

Abstract generation in progress

【Block Rhythm】Another whale is cutting losses. On January 15th, this giant whale, which previously bought $263 million worth of WBTC and ETH at high prices, took advantage of BTC just breaking $97,000 to sell 300 WBTC for 29.11 million USDT to repay a loan, with a transaction price of $97,053.

Speaking of this whale’s story, it’s a bit tragic. Last August, when it rushed in, it swept 1,560 WBTC (worth $182 million) at a price of $116,762, and also invested 18,517 ETH (worth $81.75 million) at a price of $4,415. This high-level entry directly put it into a deadlock.

The market kept declining, and since November, it started gradually cutting losses to save itself. First, it cleared all ETH, selling at $3,049, losing $25.29 million. It also moved on WBTC, selling 560 at $92,015, losing another $13.86 million. In total, this transaction has realized a loss of $39.15 million.

Now, it still holds 1,000 WBTC, worth about $96.81 million, and it remains to be seen how it will stop the loss later.

WBTC-4,12%

ETH-5,47%

BTC-4,36%

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.

15 Likes

Reward
15
10
Repost
Share

Comment

0/400

DefiSecurityGuard

· 01-17 23:29

ngl this whale's liquidation cascade is textbook cascading failure vector... classic margin trap setup. probably zero MEV protection either. DYOR on your position sizing before you end up like this.

Reply0

AirdropHunter420

· 01-17 16:51

Haha, this whale is really having a tough time. The ones buying at high levels are all tough guys... --- It's the one throwing money at high levels again, turning cutting losses into an art form. --- Damn, spending 263 million and ending up losing so much—I need to check my mental resilience. --- That's why I only dare to play with small amounts. Hearing this big whale's story makes me feel at ease. --- From 116k down to now... I really can't take it anymore. Who can imagine this kind of feeling? --- Borrowing money to bail out is a brilliant move—just step by step into the trap. --- So, buying at high levels is a vicious cycle. Even the smartest whales have to kneel. --- A loss of over 30 million isn't enough; I still have to keep cutting... --- Looking at his moves, he's just blatantly going against the market.

View OriginalReply0

SelfSovereignSteve

· 01-17 10:33

The fate of those who buy in at high levels is to be forced to become the cut-loss hero... This whale is really quite unfortunate, even borrowing money to buy in... Over 100 million in losses, how heartbreaking it must be. This is the price of faith.

View OriginalReply0

LiquidationHunter

· 01-15 01:48

Taking over at such a high level is so aggressive, it still requires selling at a loss to pay off debts, resulting in direct bleeding losses.

View OriginalReply0

WhaleInTraining

· 01-15 01:47

High-level whales holding nine figures, now selling off to pay debts—this is a fate even whales can't escape.

View OriginalReply0

CryptoCrazyGF

· 01-15 01:45

Damn... Why is this whale so reckless? Taking on leverage at a high position and still daring to short. Now selling off and losing so much. If I had this spare money, I would have held steady long ago.

View OriginalReply0

MeaninglessGwei

· 01-15 01:44

High-level investors took over more than 300 million, and now they are slowly cutting losses to stop bleeding... This is a typical case of chasing highs with no good outcome.

View OriginalReply0

MEVHunter

· 01-15 01:42

lmao this whale really said "yolo at the top" then got absolutely rekt... $39m underwater and still bleeding out, typical leverage trap speedrun ngl

Reply0

BugBountyHunter

· 01-15 01:38

Haha, another high-level bagholder... Losing 39.15 million this time is truly incredible, to the point of becoming numb from cutting losses.

View OriginalReply0

GasWaster69

· 01-15 01:29

Damn, this whale is really miserable... Bought in at a high position for 263 million and directly crashed. It hurts to watch.