Whale closes position with $33.46 million SOL profit of $199,000 but account shows floating loss of $626,000

2026-01-12 09:12:11

Abstract generation in progress

【Blockchain Rhythm】On January 12th, a well-known monitoring platform captured an interesting on-chain transaction: a whale (address 0x94d37) who previously managed a $120 million BTC short position on a derivatives platform quietly closed a $33.46 million SOL long position, successfully earning a profit of $199,000. The trade looks good, but opening this whale’s account reveals a bit of an awkward situation—currently, the unrealized loss has risen to $626,000.

Interestingly, this whale’s operational logic has always been quite distinctive. During the period when Strategy continuously increased its BTC holdings, it simultaneously established short positions on mainstream coins like BTC and ETH in the opposite direction, once topping the platform’s BTC short leaderboard with a position scale of $120 million. The recent closing of the SOL long position seems to be a strategic adjustment, but the overall unrealized loss indicates that this whale’s recent predictions haven’t been very ideal.

SOL1,8%

BTC-0,28%

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