BTC whale's floating loss suddenly expands to $16.85 million; Ethereum drops below 3100, triggering chain liquidation

RektRecovery · 2026-01-20T08:56:10+00:00

Ethereum falls below $3100, triggering on-chain whale accounts to realize losses that expand to $16.85 million. The account's long positions are severely loss-making, with a total loss of $17.07 million in BTC and ETH. At the same time, funding fees have reached $7.92 million. Although the account is large, it is extremely vulnerable amid market volatility.

RektRecovery

2026-01-20 08:56:10

Abstract generation in progress

【Blockchain Rhythm】Ethereum falls below the $3100 mark, triggering a chain reaction. An on-chain whale account that once held a massive amount of BTC has seen its unrealized losses rapidly expand, with total unrealized losses now reaching $16.85 million.

The current situation of this whale is quite embarrassing. The BTC long position (5x leverage) has a loss of $650,000, and the ETH long position (5x leverage) is even more terrifying — $15.42 million. The previously remaining SOL floating profit long position (10x leverage) has also turned red, with a loss of $780,000.

What’s even more heartbreaking is the cost basis. This whale has paid a total funding fee of $7.92 million, which is equivalent to burning a large sum of money just on interest. Currently, the total position value of this account is still $848 million, although it is huge, it appears particularly fragile under the current market volatility. The turning point from profit to loss often happens in an instant.

BTC-3,83%

ETH-7%

SOL-5,52%

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NightAirdropper

· 10h ago

Damn, $16.85 million just disappeared like that? This whale is probably going to be sliced into fish pieces.

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GateUser-beba108d

· 10h ago

Whoa, a floating loss of $16.85 million? This whale might be about to go bankrupt, with just the interest burning through $7.92 million...

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RugResistant

· 10h ago

analyzed the chain data thoroughly... red flags detected on this whale's position structure. 792M in funding fees burned? that's not leverage, that's a liquidation waiting to happen ngl. unsafe implementation of risk management right there

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DeadTrades_Walking

· 10h ago

Wow, $7.92 million in interest fees. This guy is really paying tuition fees.

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