2026-01-20 03:33:52

According to on-chain analyst monitoring, a trader has been very aggressive recently, shorting aggressively when the market dropped at 7 a.m., dumping $200 million and simultaneously establishing short positions in BTC and ETH.

The situation on the BTC side is quite tense—he holds a short position of 1,073 BTC (equivalent to $100 million), with an opening price of $92,469. The problem is that the liquidation price is set at $94,384, meaning that as long as the price rises another $1,600, he will be forcibly liquidated. He is currently floating at a loss of $280,000. Earlier, he added another 510 BTC shorts at the low point, and this part is starting to become difficult to hold.

On the ETH side, there are signs of some profit. The 31,093 ETH short position, also worth $100 million, was opened at $3,270, with a liquidation price of $3,246. The risk window here is narrower—just a $56 rebound in ETH could trigger a liquidation, but he is currently floating at a profit of $2.49 million.

This aggressive rolling strategy is quite risky during volatile market conditions. The combined exposure of these two positions is $200 million, and any significant rebound in either direction could trigger a chain of liquidations.

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MiningDisasterSurvivor

· 21h ago

Here we go again, this is the same old trick I've seen before. Throwing 200 million dollars like this, with the liquidation price so close, it's unforgivable not to get liquidated. --- This guy is just waiting to be chased for orders. I've seen this kind of thing so many times since 2018. --- $1600 liquidation? That's hilarious. Where's the risk management, everyone? --- Rolling position strategy? Basically, it's a temper tantrum trade. You'll pay the tuition fee sooner or later. --- Daring to play with a 200 million exposure like this, this isn't trading, it's gambling, my friend. --- ETH is only $56 away from liquidation? I'm sweating for him. What's the difference between this and naked trading? --- I've said it before, leverage is a cash cow for harvesters. Just look at this example.

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GateUser-44a00d6c

· 23h ago

Bro, this operation is almost risking your life. --- $200 million just to hold on, even as the liquidation line is right in front of you, still stubbornly holding on. How strong must this mentality be? --- BTC only needs to rise by 1600 to be liquidated? Brother, this isn't trading, it's gambling. --- It's pretty desperate. Chasing a short to this extent, I even feel nervous for him. --- That little bit of floating profit can be eaten up in a turn; this risk is too outrageous. --- Just waiting to see when he gets wiped out; the probability seems pretty high. --- Both directions are shaking on the edge of the knife; any slight movement could be GG. --- This guy is really daring, going all in with $200 million short at once. --- BTC approaching the liquidation price but still holding on; his mentality is commendable.

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TopBuyerBottomSeller

· 23h ago

Oh man, this guy's really bold. Betting $200 million entirely on a short? Isn't this just gambling? --- Just got liquidated with $1,600... The risk window is way too narrow, I can't watch. --- I just want to know if this guy can sleep at night. Floating loss of 280,000 and still adding to his position? --- ETH is doomed at $56. Feels like it could explode at any moment. --- Chasing shorts and adding to positions again—typical of digging a bigger hole as it falls. Soon or later, he'll be liquidated. --- $200 million exposure, and if it gets liquidated, it gets liquidated. Is this how they grow the little guys? --- Rolling position strategy? This guy is clearly gambling against the market—asking for trouble. --- Floating profit of 2.49 million, so what? ETH just needs a slight rebound, and it's all gone. --- Watching this makes me sweat for him. This kind of play can blow up at any minute. --- I bet five bucks—this guy will definitely be forcibly liquidated in the end.

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EyeOfTheTokenStorm

· 23h ago

Damn, this guy is really daring to play. Going all-in with $200 million like that? Looking at historical data, such extreme leverage positions are often signals of a market reversal, but the problem is—who the hell can accurately hit that point? Even my quantitative models have blown up. BTC is only $1,600 away from liquidation, ETH just $56 away—this isn't trading, it's gambling... But on the other hand, I want to see if this can become a textbook case of T+0 trading. This wave of market movement reminds me of the all-in retail traders at the end of 2017. The difference is that now the leverage is even more aggressive, liquidations are faster, and blood is flowing even more rapidly... A risk warning to everyone: don't be fooled by unrealized gains. When the market cycle turns, nothing can save you.

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BoredApeResistance

· 23h ago

This guy is gambling too aggressively, going all-in with 200 million, and the liquidation price is so close that he's bound to get wiped out sooner or later. Wait, ETH only has an unrealized profit of 2.49 million? Compared to that 280,000 loss, it's not enough to save him at all. Adding more short positions is really playing with fire; as soon as the market rebounds, it triggers a chain explosion. That's why I never hold dual positions; it's too intense and too risky. Watching this, I feel nervous for him—he's just shy of 2,000 yuan from closing the position? That's outrageous.

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ser_aped.eth

· 23h ago

Oh man, this guy really dares to play. A $200 million position wiped out in one shot. --- The liquidation price is so close, I really can't hold on. If BTC rises another 1600, it will go to zero. I'm worried for him. --- So he's just waiting to be TP'ed out. The risk exposure is a bit too high. --- The unrealized profit on ETH is only 2.49 million. Tsk, the next rebound will directly explode. Can't win the gamble. --- This is a classic case of being caught short on the left side and getting slapped in the face. Getting short this morning and ending up like this. --- Let's wait and see what happens next. If there's a real rebound, it could trigger a chain of liquidations—spectacular.

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