2026-01-09 02:31:24

On-chain data shows that a whale transferred 378.11 WBTC to a major exchange 7 hours ago, worth approximately $34.3 million. Interestingly, the wallet's historical buying records reveal some clues — this whale accumulated positions in batches between October 21 and 26 at an average price of $110,504, making the holding period nearly three months.

The question now is: if sold at the current price, this position would incur an unrealized loss of $7.483 million. Generally, when a whale deposits funds into an exchange under such losses, it often indicates a potential liquidation or at least consideration of bottom-fishing. Whether this deposit is a passive stop-loss or an active gamble, the market in the next few hours may provide an answer.

WBTC-0,18%

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ChainMemeDealer

· 9h ago

7.48 million floating loss still dares to rush to the exchange, this whale's mentality is really extreme

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RamenStacker

· 23h ago

Hmm... 7.48 million in unrealized losses and still dare to fund the exchange, this whale's mentality is truly incredible.

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ser_we_are_ngmi

· 01-11 07:07

A floating loss of 7.48 million can still be calmly recharged, this mindset is incredible... But honestly, at this point, recharging either means you've truly given up or you're brewing some big move. Anyway, it's definitely not for watching the market.

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BlockImposter

· 01-11 05:26

7.48 million floating loss, still dare to top up at the exchange? This guy is either really desperate or holding a big move up his sleeve.

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SchrodingerAirdrop

· 01-09 02:59

7.48 million floating loss still here, recharging either means I really can't hold on anymore or I'm playing psychological warfare... Let's see how the dump unfolds next.

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MemeEchoer

· 01-09 02:58

7.48 million unrealized loss, yet so calm about recharging. Either a big shot is about to cut positions or they're just fooling us.

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Web3Educator

· 01-09 02:57

lmao holding bags for 3 months just to dump it now? fundamentally speaking, this is exactly the kind of "retail panic meets whale manipulation" theater my students always ask me about in office hours

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SatoshiHeir

· 01-09 02:57

It should be pointed out that the operational logic of this whale is far more complex than surface data suggests. The unrealized loss of 7.48 million is essentially a re-evaluation of market pricing power, not a simple stop-loss signal. Let's return to the fundamental thinking of Satoshi Nakamoto's white paper: the act of depositing on an exchange is neutral in itself; the real game lies in the cognitive differences behind on-chain data. The three-month holding period coincidentally spans two market cycles — this is no coincidence. Based on the following arguments, there are three obvious fallacies in this reasoning: First, equating deposits with bottom-fishing or stop-loss is a trap of fiat currency thinking; Second, the unrealized loss of 7.48 million on the books is psychologically much less burdensome for a whale holding tens of millions of assets than you might imagine; Finally, on-chain data shows that true large holders never make decisions based on emotions. Laughs. Another retail trader logic that tries to read the whale's intentions just by looking at K-line charts.

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BlockchainBrokenPromise

· 01-09 02:57

Coming back with this again? Whale deposits = cutting losses. How long can this logic be applied, maybe until the Year of the Monkey?

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BearMarketSurvivor

· 01-09 02:44

7.48 million loss still buying the dip, this guy is really ruthless... I bet he's waiting for a rebound.

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