Whale clears BTC/ETH positions and turns to DASH short, currently holding a 760,000 coin position with 5x leverage

HashBard · 2026-01-20T03:02:10+00:00

A well-known address liquidated $265 million worth of BTC and ETH long positions. After a loss of $324,000, it shifted to establish a short position of 73,000 DASH, with an unrealized profit of $255,000, becoming the largest on-chain DASH short. This indicates that the whale has adjusted its operational strategy.

HashBard

2026-01-20 03:02:10

Abstract generation in progress

【Blockchain Rhythm】An interesting whale operation worth paying attention to. A well-known address just liquidated $265 million worth of BTC and ETH long positions, incurring a loss of $324,000 in this move. After closing the positions, the address didn’t rest; it immediately established a short position on DASH—short 73,000 DASH with 5x leverage, totaling approximately $5.46 million, with an entry price of $78.26.

Currently, this short position has an unrealized profit of $255,000 and has become the largest on-chain DASH short. Interestingly, this address was also very active on a major trading platform earlier, once shorting BTC with a position size of $120 million, becoming the platform’s largest BTC short at one point. Transitioning from BTC and ETH to DASH, it seems this whale’s operational logic is quietly shifting.

BTC-2,22%

ETH-4,66%

DASH-7,93%

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.

11 Likes

Reward
11
5
Repost
Share

Comment

0/400

gaslight_gasfeez

· 11h ago

Still risking a loss of 320,000 to short with leverage, this mindset is really tough... Looks like whales also have to rely on contrarian strategies to recover.

View OriginalReply0

BearMarketBuilder

· 11h ago

Still risking 320,000 to short DASH? This whale's mindset is really steady—either a master or a gambler. I bet on the latter.

View OriginalReply0

ProofOfNothing

· 11h ago

Losing 320,000 and still immediately using 5x leverage on DASH, this whale's mental resilience is truly incredible. I can't learn it.

View OriginalReply0

EthMaximalist

· 11h ago

Lost 324,000 and still immediately switched to DASH short. This counter-trade is really bold. But with 5x leverage, starting to earn passively with a floating profit of 255,000? This whale has really got guts.

View OriginalReply0

ChainPoet

· 11h ago

Losing 320,000 but still so cheerful, immediately throwing into DASH. This whale's mentality is truly incredible.

View OriginalReply0