BTC drops below $92,000, whales with 3x leverage and 1,000 long positions are floating with a loss of over 4 million

ZkSnarker · 2026-01-20T06:10:11+00:00

As Bitcoin's price drops below $92,000, a well-known whale wallet with a 3x leverage on 1,000 BTC long positions faces a floating loss of $4.07 million. This whale recently adjusted its holdings quickly, taking profits from ETH longs and increasing its BTC position, reflecting differing views among market participants. Large holdings movements have become a market indicator.

ZkSnarker

2026-01-20 06:10:11

Abstract generation in progress

【BitPush】As the price of Bitcoin drops below the $92,000 mark, on-chain data tracking shows that a well-known whale wallet with a 3x leverage position is facing pressure on its 1,000 BTC long position. This long position is worth approximately $91.53 million but has already floating losses of $4.07 million — with an average entry price of $95,614.5.

Interestingly, the trading rhythm of this whale is worth noting. On January 16, it just closed a profitable ETH long position and immediately increased its BTC position. The quick switch from one asset to another and facing a retracement may reflect different market views among participants.

In the current Bitcoin volatility environment, the movements of large holdings often serve as market indicators — especially those on-chain players willing to use high leverage.

BTC-3,87%

ETH-7%

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TokenomicsTrapper

· 13h ago

lmao whale caught holding the bag on that 95k entry, classic textbook greater fool theory playing out in real time. watched this liquidation cascade incoming like netflix tbh.

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liquidation_watcher

· 13h ago

This whale is a bit impatient. ETH just closed its position and turned to BTC, directly hitting the retracement... Over 4 million just gone, playing with 3x leverage is really aggressive.

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GasGrillMaster

· 13h ago

Oh no, this whale probably hit a mine. With a 3x leverage and a floating loss of over 4 million, can they still sleep well? --- Sold ETH to buy BTC, this pace... it's pretty aggressive. --- Can't even hold 92,000, feels like it will drop further, big players might get liquidated. --- I just want to know what this guy's mindset is now. Losing so much on paper, does he still hold? --- Typical chase and get caught, should wait for bottom signals before entering. Isn't this suicidal now? --- Whales are not invincible either; it seems high leverage is just a gamble. --- Switched to BTC and the trend reversed, market volatility is so crazy, it's unbelievable. --- That's why I never touch leverage. My heart can't take it, bro. --- Floating loss of 4.07 million is just the beginning? How will they rescue this market later? --- Can we get a stop-loss signal? If it keeps falling like this, it might explode directly.

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GateUser-2fce706c

· 13h ago

I've always said this wave is the best opportunity to get in. What are you still afraid of now? --- Whales dare to use 3x leverage, what are we hesitating for? The trend is already set. --- Others are fearful while I am greedy. 92,000 is the peak. Remember my words. --- This is the real first-mover advantage. Time waits for no one. --- Have you seen clearly? Institutions are deploying, retail investors are still hesitating. --- What if 92,000 breaks? I said three years ago that this is the wealth code. --- If you still don't enter now, it would be a pity to miss the internet boom back then. --- The key is to recognize the trend. This pullback is a gift from heaven. --- How can we profit if whales are losing money? What's the logic, everyone? --- Speaking of which, those who truly understand have already increased their positions. What about you?

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