The giant whale who repeatedly failed 30 times in long positions and kept fighting back shorts, closed a $9.15 million short position in 4 minutes to roll over.

Tagged as “30 consecutive failed long attempts,” the whale address (0x8d0E) suddenly changed strategy today, completing a massive BTC short rollover operation within just 4 minutes. This address, which previously frequently went long but repeatedly suffered losses, has now chosen to bet against the market—holding a position size of $9.1553 million with an unrealized profit of $28,900. What does this shift reveal?

Operation Details: Rapid Transition from Single Trade to Rollover

The actions of this address can be divided into two phases:

Step 1: Open a new short position of 69.34 BTC at approximately $91,091.7 per BTC

Step 2: About 4 minutes later, taking advantage of the price dip, add 31.56 BTC to the short, valued at roughly $2.842 million

From the data, this address quickly increased its position during a slight dip, indicating a clear expectation of further decline. The liquidation price is set at $146,687.61, well above the current price, suggesting proper risk management.

From Repeated Failures to Contrarian Short: The Significance of Behavioral Shift

The label “30 times long, repeatedly failing” itself is quite telling. The address’s past pattern of frequent longs with repeated losses, followed by a sudden switch to shorting, can imply several possibilities:

• Market Sentiment Shift: After multiple failures, the whale may believe the current market environment is no longer suitable for longs
• Technical Signals: On-chain data or price trends indicating a shorting opportunity
• Risk Management: Using short positions to hedge previous long losses
• Strategy Optimization: Adjusting trading approach based on lessons learned

According to the latest reports, a whale agent mentioned that risk appetite is expanding, with BTC and ETH as high-beta assets absorbing subsequent capital inflows. However, this address’s short operation seems to be targeting a short-term correction opportunity.

Market Context: Where Does BTC Stand?

Data shows BTC’s recent performance is not optimistic:

• 1-hour: down 1.15%
• 24-hour: down 0.17%
• 7-day: down 2.16%

While recent gains are limited, market cap share remains high at 58.37%, with a 24-hour trading volume of $2.829 billion. In this environment, the whale’s short position may be aiming to capitalize on a short-term rebound rather than expressing a long-term bearish outlook.

Comparing Other Whale Activities

Interestingly, other whale activities have been recorded:

• The “Lightning Contrarian” whale continues to take profits and reduce BTC long positions
• A whale is long on ZEC, establishing a 10x leveraged position with profits reaching $14.69 million
• A whale from the Satoshi era just purchased 26,900 BTC, worth about $2.4 billion

This shows that whale behavior is diverse—some are reducing longs, others are shorting, and some are still making large buys. Such divergence reflects the complex sentiment in the market.

Summary

The whale previously labeled “repeated failures” has flipped to short BTC and completed a $9.15 million rollover in just 4 minutes. Key points of this operation include:

• Clear Strategy Shift: From frequent longs to shorts, indicating a change in market perception
• High Execution Efficiency: Rapid rollover demonstrates precise market timing
• Risk Control: Reasonable liquidation price and realized profits show prudent risk management
• Market Signal: Whale behavior often precedes market moves; ongoing observation is warranted

Technically, BTC may face short-term correction pressure, but the broader environment of expanding long-term risk appetite persists. This short position might be an opportunity for short-term gains rather than a negation of BTC’s long-term outlook. The key will be whether BTC can find support near $91,000 and if this short can profit from the anticipated rebound.