Whale closes BTC position for quick profit, turns to short ETH and misses out on 280,000

OnChainDetective · 2026-01-13T03:32:10+00:00

A whale named 0x50b30 recently reversed their position, first closing their BTC long position for profit, then switching to short ETH. However, they are currently experiencing an unrealized loss of $280,000. This behavior reflects market divergence on ETH's trend and serves as a reminder for traders to exercise caution when using high leverage.

OnChainDetective

2026-01-13 03:32:10

Abstract generation in progress

【Block Rhythm】A whale with an address of 0x50b30 recently staged a clever counter-trade. After closing a previous BTC long position and earning $5,300 in profit, this trader did not stop. They immediately opened a short position on ETH, shorting 11,694.63 ETH with 14x leverage, with an entry price set at $3,088.64. However, this move didn’t go as smoothly as hoped—currently, the unrealized loss has reached $280,000. This series of actions by the whale reflects differing opinions among market participants on the future trend of ETH and also serves as a reminder for traders to be extra cautious when using high leverage. Every move by large holders warrants close attention.

BTC4,27%

ETH7,28%

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FlatlineTrader

· 19h ago

The 5300 yuan earned turned into a 280,000 yuan loss when resold. What's going on with this whale? Greed can't handle hot tofu.

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RamenDeFiSurvivor

· 19h ago

Made 5300 and rushed to sell ETH. This guy wanted to gamble with leverage, but ended up losing 280,000. LOL

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4am_degen

· 19h ago

Making 5300 and rushing to all-in short positions, this whale probably wants to experience the joy of 280,000.

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GasFeeLady

· 20h ago

lmao 0x50b30 really said "quick 5k, now let me yeet it all on eth shorts" 💀 14x leverage is not the move when you're already down 280k... that's just gwei watching gone wrong, honestly. big whale energy but the execution? nah.

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LiquidityHunter

· 20h ago

Made 5,000 quickly and then lost 280,000. This tactic is really amazing haha

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