This address has appeared again: Short-term liquidation and shorting nearly $10 million worth of BTC.

TokenomicsTrapper · 2026-01-12T08:50:13+00:00

A wallet address labeled "30 consecutive long failures and retries" first shorted BTC on January 12, opening a position of 69.34 BTC. It then added another 31.56 BTC, with a total position value reaching $9,155,300. The address previously incurred losses on long positions but has now shifted strategy, possibly based on a bearish market outlook or arbitrage motives.

TokenomicsTrapper

2026-01-12 08:50:13

Abstract generation in progress

【Blockchain Rhythm】There is an interesting phenomenon. According to on-chain data monitoring platforms, a wallet address labeled as “30 failed attempts at going long but keeps fighting” has made a move again—this time targeting a short position on BTC.

The event occurred on January 12th. The actions of this address (0x8d0E) within just a few minutes are quite intriguing. First, it opened a short position of 69.34 BTC at approximately $91,091.7. It seemed to be testing the waters. But just four minutes later, as the price dropped, this user immediately added to the position—another 31.56 BTC short, worth about $2.842 million. The speed and execution suggest they are serious.

After closing the position, the total short holdings reached $9,155,300. Interestingly, after this round of trading, the average opening price was lowered to $91,022.30, with an unrealized profit of $28,900 at that time. Based on the current position, the liquidation price for this address is set at $146,687.61—leaving plenty of room for a decline.

This address’s past records show it has suffered quite a few losses on longs, but it seems not to have given up. This time, it switched strategies from long to short. What is the logic behind shorting BTC? Is it a bearish view on recent market trends, or arbitrage? On-chain data will continue to reveal the answer.

BTC4,94%

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GweiWatcher

· 01-12 09:20

This guy is really persistent. He didn't make any profit after 30 long positions, and this time he absolutely has to turn it around with a short. LOL

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OnlyUpOnly

· 01-12 09:19

This guy is really funny. He went long 30 times without learning his lesson, and now he's trying to short again? I think he's doomed this time.

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PumpingCroissant

· 01-12 09:10

30 attempts to go long, repeatedly failing and trying again. Now switching to short? That's hilarious, they've truly tried every way to lose money.

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TideReceder

· 01-12 09:07

This address is really incredible. After losing heavily on 30 long positions, you still dare to come back? This time, switching to short positions. The more you lose, the more you enjoy the ride.

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BlockchainNewbie

· 01-12 09:00

This guy is really the living embodiment of "failing repeatedly but always fighting back." This time, he directly took a short position through a reverse operation. The shift... is quite interesting.

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