2026-01-08 01:25:09

A major player on a leading derivatives platform was very active yesterday. This trader first transferred in 35.5 million USDC, then continuously increased their long position in BTC. By 2 a.m. today, they had accumulated a total of 3,846 BTC, worth approximately $350 million, with an average opening price around $92,096.

It sounded like a good plan, but the market didn't follow the script. BTC then started to retrace, and by morning, this trader couldn't hold on anymore. They closed their position at an average price of $91,158, taking a loss of $3.8 million. Afterwards, they withdrew the remaining 31.7 million USDC from the platform, ending the trading session.

Interestingly, this trader previously made a significant profit from ETH swing trading—according to on-chain data, they accumulated over $96.67 million in profits from multiple swing trades. This time, the failure of the BTC long position is a common story in the crypto world: even big players are not immune to market volatility.

USDC-0,02%

BTC0,05%

ETH-0,38%

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StakeOrRegret

· 01-10 23:43

380 million directly went down the drain, really crushing my morale. Made over 96 million, so what? A wave of correction and I lost 3.8 million. This is the crypto world. Adding to 3,846 coins? Bro, you're too greedy. You should have taken profits earlier. Watching this move, I can't help but think of the day I got liquidated last time... Even big players can't hold up? Then us retail investors have no hope left.

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Blockblind

· 01-10 09:55

3.8 billion liquidation, is that all? I thought it could last until the afternoon --- Made over 96 million but still couldn't avoid a wave of correction, well, that's just how the crypto world is --- This guy's guts are pretty big, stacking 3846 BTC all at once --- Stop-loss so quickly, it seems the psychological preparation wasn't good enough --- Should have just HODL'd from the start instead of trading swings, it's always like this --- Even big players have to suffer losses, it feels like the market just loves to pick these people's bottoms --- Lost 3.8 million in one night, whether this trade is worth it or not, you have to figure it out yourself --- Added to the position until it reached 350 million and then closed it directly, I can't find the words

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PessimisticLayer

· 01-09 08:54

3.8 billion dollars entered the market, losing 3.8 million in one night—that's the power of leverage. Everyone wants to replicate the glory of that ETH surge, but BTC gave a lesson. Even big players have to kneel; the market doesn't recognize people.

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WhaleMistaker

· 01-08 01:55

$3.8 million just gone like that, I really can't hold it anymore haha Think you're invincible after earning 96.67 million? This time you got a harsh lesson Even big players are scared, adding positions in the early morning and running away in the morning That's how the crypto world is, making quick gains and losing even faster, no one can escape Why not hold on a little longer? Isn't this just cutting losses?

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MetaMasked

· 01-08 01:53

$380 million directly lost $3.8 million, how strong must that mentality be... But on the other hand, $96 million earned, losing $3.8 million in one go isn't a big deal, right?

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CryptoHistoryClass

· 01-08 01:43

ngl this is just 2017 all over again... dudes with fat bags thinking they can time the market, then getting absolutely schooled by reality. $380m loss? *checks notes* yeah, that's how mass delusion looks like right before the capitulation phase hits different.

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MindsetExpander

· 01-08 01:37

3.8 billion dollars lost in one night, this is the crypto world. --- Another story of a HODL failure, it should have been expected long ago. --- Made over 96 million but still couldn't hold on, it's really not his fault. --- That's why I only dare to risk one-third of my position. --- Full position at 2 a.m., out in the morning, a textbook stop-loss. --- 3,846 BTC, just looking at this number is frightening, no wonder I can't hold on. --- Making big money before can be even more dangerous, easy to get carried away. --- $3.8 million just disappeared, how many years of work would it take me to earn that? --- It's normal for the market not to follow the script; some still expect it to cooperate. --- If this guy had been a little greedier, he would have been liquidated, but he should thank himself for stopping loss in time. --- Big players in the crypto world also get wrecked, it looks much more reassuring.

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DAOdreamer

· 01-08 01:30

380 million dollars can't even hold it down; that's how the crypto world is.

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CryptoFortuneTeller

· 01-08 01:27

A huge order of 380 million yuan was wiped out in a single night of correction and then ran away, this is the daily life in the crypto world... --- Having earned over 96 million yuan, but still unable to withstand a wave of correction, what does that say? --- $3.8 million just disappeared like that. Honestly, I think HODLing is more stable. --- This guy made so much earlier, but this time he just couldn't hold on. Laughing to death. --- Even big investors have their crashes, now I feel at ease haha. --- Clearing out and withdrawing funds, this is a sign of surrender. Will we come back later? --- 3846 BTC piled up so thickly, but still lost 3.8 million yuan in correction. That really hurts. --- The so-called king of swings, but still got caught by leverage. --- This is why I never follow big investors. They profit from probability, I risk my principal. --- Another drama of being educated in a long position, the market is really bleak.

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