Whale "Lightning Reverse" latest move: invests $142 million to increase BTC long positions, closes ETH short positions at a loss

NullWhisperer · 2026-01-08T05:14:10+00:00

A whale named "Lightning Reverse" has recently been very active, quickly switching from a BTC short position after stopping the loss on January 5th to a long position. Currently, it holds approximately $142 million worth of BTC and $36.94 million worth of ETH, both experiencing unrealized losses. Its aggressive high-leverage strategy has significantly increased risk amid market volatility, and the current bullish trend has not yet met expectations.

NullWhisperer

2026-01-08 05:14:10

Abstract generation in progress

【Blockchain Rhythm】An interesting whale movement worth paying attention to. This whale, nicknamed “Lightning Reversal,” has been quite active recently—on January 5th, it just cut losses on a BTC short position and immediately turned to go long. This morning, it closed out its losing ETH short position, with a total loss of up to $578,000.

Currently, this whale’s account looks like this: using 20x leverage to hold a long position in BTC, with 1,569.29 coins, valued at approximately $142 million. These BTC were bought at an average price of $93,838.7, with an unrealized loss of $4.218 million. At the same time, it also holds 11,757.76 ETH with 14x leverage, an average entry price of $3,284.08, a position size of about $36.94 million, and an unrealized loss of $1.483 million.

From the short position stop-loss on January 5th to the current long position, this whale’s operations have switched quite decisively. Whether shorting or going long, it plays the game with extremely high leverage—such aggressive strategies can amplify gains in volatile markets, but risks are also multiplied. The current unrealized losses indicate that this bullish trend has not yet fully met its expectations.

BTC-0,17%

ETH-0,73%

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BearMarketMonk

· 1h ago

Losing nearly 6 million yet still daring to leverage 20x... This is what they call "stop-loss reversal," right? There will always be someone in the cycle who insists on jumping into this muddy water.

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MercilessHalal

· 13h ago

This whale really isn't afraid of death. Stop-loss and turn around to go all-in on a long position. Losing 578,000 yet still daring to add 142 million, this mentality is indeed extraordinary. Haren, with 20x leverage on BTC, holding a floating loss of 4.21 million yet still steady—I truly respect that. Switching hands instantly, this operation's pace is so fast I can't keep up. Is this cleverness or a gambler's mentality? Being able to swallow a loss of 578,000 and immediately add 142 million— is this the legendary all-in spirit? Really daring to play, directly going all-in with 1,569 BTC at 20x leverage. What if there's a sudden crash... Never mind, I'll just watch the show. Another "expert," short position lost but still switching to long. The quick switch is getting me more and more hooked. Floating loss of nearly 6 million yet still adding more? I don't know if it's confidence or stubbornness.

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TokenRationEater

· 01-08 14:24

This whale really dares to play. Losing $578,000 is just a loss, and then they dare to go 20x full position in BTC. How strong is this mentality?

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FloorSweeper

· 01-08 09:40

Haha, this whale really gets tired of playing. Yesterday short, today long, the speed of switching positions is indeed incredible. This account is almost 6 million in floating loss but still holding on. I think it's betting on a momentum reversal. 20x leverage, really brave.

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TokenTherapist

· 01-08 05:43

This whale really dares to play, even risking a loss of 578,000 and still adding to long positions. Using 20x leverage on BTC is truly playing with fire.

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UnluckyLemur

· 01-08 05:42

This whale really has a gambler's mentality, adding leverage and playing even after losing so much?

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OldLeekConfession

· 01-08 05:41

This whale is really crazy, directly going long on BTC with 20x leverage. How desperate must they be to be this decisive...

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BottomMisser

· 01-08 05:39

Losing money and adding to the position at the same time, this whale really dares to play. If it were me, I would have already run away.

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MidsommarWallet

· 01-08 05:28

Lightning's counterattack in this move is outrageous. Losing nearly 6 million and still going all-in with 20x leverage—such mental resilience is incredible.

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