"Die-hard Bulls" went from unrealized gains to stop-loss in a day, highlighting the high leverage risk behind the $1.68 million BTC long position loss

The well-known whale “Die-hard Bull” (0x10a3c) experienced a dramatic reversal in trading trajectory within 24 hours. From an unrealized profit of over $3.5 million on January 6th to closing a BTC long position with a loss of $16.89 million and a total loss of $93.82 million, this former aggressive long position is paying the price for high leverage strategies. Currently, BTC price has fallen by 1.87% to $91,654, a seemingly small fluctuation that is enough to trigger a chain reaction.

Rapid Reversal of Whale Strategy

According to the latest news, the “Die-hard Bull” closed his BTC long position with a stop-loss 18 minutes before January 7th, incurring a loss of $16.89 million. This stop-loss was not an isolated event but a turning point in this whale’s recent aggressive strategy.

Related information shows that the whale’s account experienced a significant shift in sentiment within just two days. On January 5th, its FARTCOIN long position had an unrealized profit of $1.76 million. By January 6th, the total unrealized profit exceeded $3.5 million, with holdings including 500 BTC, 134,278 SOL, 5,000 ETH, and billions of PUMP tokens. But just one day later, this “full-position” long account began to cut losses.

Risks Exposed by Position Structure

Even after closing the BTC long, the whale’s account remains in a high-risk state. According to monitoring data, the current holdings are as follows:

• 10x leverage long on 5 billion PUMP tokens, average entry price $0.0025, unrealized loss of $299,000
• 10x leverage long on 30 million FARTCOIN, average entry price $0.4542, unrealized loss of $776,000

This means that even after closing the BTC long, the whale still bears unrealized losses on two high-risk assets. Notably, both tokens fall into the Meme coin category, with volatility far higher than mainstream coins.

The double-edged sword effect of high leverage

According to related information, this whale previously used 40x leverage on BTC (when the total unrealized profit was $3.5 million). High leverage can amplify gains in a bull market but also magnifies losses when the market turns. The rapid shift from unrealized profit to loss exemplifies the typical characteristics of high leverage strategies.

Market sentiment as a signal

The fact that this former “Die-hard Bull” closed his BTC long position may reflect subtle changes in market sentiment. BTC has fallen 1.87% in the past 24 hours, a modest decline but enough to trigger set stop-loss orders. This also serves as a reminder to market participants that even experienced large traders need strict risk management under high leverage conditions.

Summary

This stop-loss event by the “Die-hard Bull” sends several important signals to the market: firstly, the fragility of high leverage strategies during market volatility has become evident; secondly, even whales with unrealized profits can be forced to cut losses due to small market adjustments; finally, current market liquidity and risk appetite may be undergoing subtle changes. Future attention should be paid to whether this whale continues to reduce other high-leverage positions and whether similar stop-loss waves could trigger larger market fluctuations.