2026-01-08 03:25:54

Recently, a well-known trader adjusted their position strategy after experiencing gains within a wave. This participant previously profited $96.67 million from ETH trading, but also faced setbacks in the most recent trade—incurring a $3.8 million loss when stopping out of a BTC long position.

After stopping out on Hyperliquid, the trader immediately used the remaining 31.7 million USDC through OTC trading to purchase 10,000 ETH. This move directly increased their total ETH holdings to 40,000, which at the current price is nearly $127 million in total value, with an average cost basis of $3,241.

From their recent actions, this large holder seems to be more optimistic about ETH's future performance. The move to add to ETH positions after stopping out of BTC reflects a positive outlook on Ethereum's recent market trend. Such large position changes are often closely watched by market participants as an important reference for gauging market sentiment.

ETH0,66%

BTC0,03%

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BearMarketMonk

· 17h ago

Another story of BTC stop-loss and turning to bet on ETH. Basically, it's still a gamble on who can run faster in the next round, just with a larger stake. The logic of "big players' movements = market signals" is fundamentally flawed—it's just survivor bias. How many big players' increased positions ultimately end up trapped? No one discusses that. A profit of 380 million yuan out of a floating gain of 380 million yuan, what does that actually indicate? The holding period is too long. True smart investors should have locked in profits long ago, rather than waiting for a passive stop-loss.

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GateUser-26d7f434

· 20h ago

Oh my god, 3.8 million just disappeared like that. Luckily, I got rid of this burden. I really need to be decisive.

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HypotheticalLiquidator

· 21h ago

Hey, this guy lost 3.8 million in BTC and then went all in on ETH? What about the risk control threshold, brother... --- A single-sided position of $127 million, the liquidation price is right there, a single bearish candle is a domino effect --- 40,000 ETH pressed at a cost of 3241, as long as the borrowing rate spikes, it's all over --- Talking about "optimism for the future," this is a typical mindset of increasing positions to cover losses... How long can the health factor last? --- Changes in large account holdings = market indicator? No, this is just the prelude to systemic risk --- Adding so much OTC off-market, liquidity risk is directly maximized --- Before flipping to ETH, why didn't you think about why BTC needs to stop loss? I can't quite keep up with this logic

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MetaverseLandlord

· 01-08 03:56

BTC lost 38 million and turned around to go all-in on ETH? Is this guy really seeing through everything, or is he trapped... But 40,000 ETH is indeed a heavy hit, how much confidence does that take?

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LucidSleepwalker

· 01-08 03:55

Stop-loss at 3.8 million to transfer and add more ETH. Is this guy really optimistic, or is he scared of BTC crashing...

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HappyToBeDumped

· 01-08 03:37

Buying more ETH again, this guy is really confident. After losing 3.8 million on BTC, he still dares to go all-in on Ethereum? His operational logic isn't without reason, but I still think he's taking a bit of a gamble... Wait, isn't the average cost 3241? He's been on standby for a while. Is this a dip to lower his cost or does he genuinely believe in the future? By the way, this big investor's moves tend to influence the market. A bunch of people around me are also following suit and buying ETH...

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NervousFingers

· 01-08 03:31

This guy stopped loss at 3.8 million USD on BTC and then went all-in on ETH. If he's not making a killing, he's really bearish on Bitcoin. Pretty bold.

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AirdropHarvester

· 01-08 03:28

Another story of BTC losing out and turning to embrace ETH. It seems that big investors are also betting on Ethereum.

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screenshot_gains

· 01-08 03:28

Buddy, when BTC hits the stop loss, you add to your ETH position. This move is really ruthless; if it's not gambling, then you truly understand... --- 3.8 million in losses, and you turn around to push 40,000 ETH. You must have incredible mental resilience. --- When will this guy's operational logic be shared? Feels like his sense of rhythm is on a different level. --- Adding positions and adjusting holdings again—big players really know how to play, while we retail investors can only watch... --- After BTC failed, switching to ETH—either he has sharp instincts or there's something else at play. This is worth pondering. --- Holding 1.27 billion in assets and still bottom-fishing shows he's really not afraid. --- Counter-operating at the place where BTC got trapped—there's some skill there, but it might not always be correct. --- Is this wave of adjustment precise or just throwing a tantrum? Let's wait for the market to tell.

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