Whale closes position as ETH rebounds to $3,000: a $390,000 short liquidation

NonFungibleDegen · 2026-01-02T11:12:12+00:00

Recently, a major holder stopped losses due to the continuous rise of ETH. Monitoring shows that on January 2nd, they withdrew 4,830 ETH from the head exchange to close their position on the chain. Previously, they borrowed 5,000 ETH to short, ultimately losing $390,000, demonstrating the sensitivity of large holders' capital flows to market changes.

NonFungibleDegen

2026-01-02 11:12:12

Abstract generation in progress

【Blockchain Movement】A major holder recently placed an order to cover their short position. On-chain analyst Yu Jin detected that this individual borrowed 5000 ETH a month ago to short, and as ETH continued to rise, they finally decided to cut losses and exit.

The time was January 2nd. At that point, ETH had already surpassed the $3000 mark. This whale chose to withdraw 4830 ETH (worth approximately $14.75 million) from a major exchange to the chain to close the position. Looking back at the ledger, this short trade ultimately resulted in a loss. On December 5th last year, when ETH was at $3132, they borrowed coins to short. Today, they bought the coins back at a price of $3054. Roughly calculating, this round of operation ultimately made a profit of $390,000.

It seems to be a precise exit point—confidently cutting losses when the price rebounded above $3000. This trade once again reminds us that the flow of funds from major players often reflects subtle market changes.

ETH2.91%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
4
Repost
Share

Comment

0/400

NewDAOdreamer

· 3h ago

Haha, another short position gets trapped. Luckily, I cut losses in time. If it were me, I’d probably hold on until bankruptcy...

View OriginalReply0

TokenomicsShaman

· 4h ago

Haha, laughing to death. Can you really make 390,000 USD by shorting? This whale is really ruthless. --- Borrowed 5000 ETH to short, and was directly taught a lesson by the $3000 rebound. Luckily, I didn't hold on and get wiped out. --- No, is this guy really stop-lossing or just cutting the leeks? 390,000 USD profit, that's a lot? --- Precise exit? I think he was just slapped in the face and honestly admitted defeat, haha. --- Wait, shorted at 3132 in December and now buying back at 3054? Isn't that still making money? How is the ledger calculated? --- Whales are so decisive in stop-lossing, why do we retail investors still keep holding on? --- With this volume, even closing positions can generate signals. No wonder big players always make money. --- The fate of short sellers, $3000 is a threshold. --- Borrowed 5000 ETH to short, that shows how bearish they are. But in the end, they still got wiped out. --- A real leek story, but this 390,000 USD is indeed outrageous.

View OriginalReply0

CodeSmellHunter

· 4h ago

Haha, this whale is pretty ruthless, making a 390,000 profit in one move. I'm still debating whether to buy the dip.

View OriginalReply0

SchrodingersFOMO