Market rebound slaps down the short whales, with this huge position showing an unrealized loss of over 6 million

NonFungibleDegen · 2026-01-06T01:50:12+00:00

Recently, Bitcoin has rebounded significantly. A whale that previously sold 255 BTC is currently holding a short position worth approximately $225.8 million, but has incurred a loss of over $6 million. The profit and loss have shifted from a profit of $7.7 million to a loss of $1.7 million. This serves as a reminder to investors that shorting in the crypto market carries extremely high risks.

NonFungibleDegen

2026-01-06 01:50:12

Abstract generation in progress

【Blockchain Rhythm】 Recently, Bitcoin has been rebounding strongly, and something interesting has happened. According to on-chain monitoring data, the whale that once sold 255 BTC now holds short positions in BTC, ETH, SOL, and SUI worth approximately $225.8 million.

What’s the result? Not very good. As the market recovers, this short position has now unrealized losses of over $6 million. Even more heartbreaking, this whale’s profit and loss statement has dropped from a previous profit of $7.7 million to a loss of $1.7 million.

It seems that shorting in the crypto market is sometimes like betting on the market’s direction. The story of this whale also serves as a warning — even large amounts of capital can’t withstand a wrong market move.

BTC-2,39%

ETH-4,01%

SOL-3,26%

SUI-3,76%

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BoredWatcher

· 4h ago

Haha, this whale really tanked. They went from earning 7.7 million to losing 1.7 million, I can't stop laughing.

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MissedAirdropAgain

· 9h ago

The short sellers got their faces slapped; it seems that the direction is really crucial.

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YieldWhisperer

· 15h ago

6 million directly evaporated, this whale is probably going to cry in the toilet Shorts are just gambling; no matter how much money you have, if you bet wrong, it's all useless Now you know what "large funds can't save bad decisions" means Too greedy, should have closed the position earlier, now suffering heavy losses Those who are optimistic about Bitcoin have won another round; the guys who are shorting should reflect on themselves

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LiquidityWhisperer

· 01-06 02:20

Haha, deserved it. Short sellers always die before dawn.

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DataBartender

· 01-06 02:18

6 million USD evaporated directly, how heartbroken this whale must be Shorting Bitcoin is just gambling against the market; no matter how much capital you have, it's useless Seeing this guy go from a profit of over 7 million to a loss, I just want to say he deserves it The futures market is like this, one reverse operation and you lose everything Even the biggest whales have to listen to the market; no one can be right forever This loss is enough to make small retail investors happy for a month The bears have really been slapped in the face this time; as soon as a rebound comes, it explodes

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BottomMisser

· 01-06 02:14

Even whales have to suffer losses; it seems that shorting isn't as attractive as it seems.

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SerumSqueezer

· 01-06 02:13

Even whales have their crashes. Now it's all gone—6 million USD just disappeared.

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MergeConflict

· 01-06 01:54

Whales also get wrecked, haha, it made me laugh to death The short sellers took a huge loss, serves them right No matter how much money you have, you can't withstand counter-trend operations, this is ridiculous It seems that big players are not always guaranteed to win, next time I need to watch the trend carefully before acting

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NotGonnaMakeIt