On-chain whale account reversal: "BTC insider whale" temporarily loses 2 million, SOL still supports the market

2026-01-12 09:06:12

【Blockchain Rhythm】On January 12th, on-chain wallet monitoring data shows that the well-known BTC whale account is having a tough time. This former profit-making machine has shifted from profitability to loss, with an overall unrealized loss of about $2 million. Interestingly, the SOL long positions in the account are still supporting it—this SOL position has an unrealized profit of approximately $5.04 million, with an average price of $130, and a scale of $71.6 million. Overall, the total holdings of this address are about $795 million, making it still the largest long position in ETH and SOL on-chain.

The whales’ days are also tough. The largest BTC long whale on-chain opened a position around 9:00 AM at approximately $90,600, and has been adding to it ever since. Its current position has expanded to $310 million, making it the second-largest long whale on-chain. Meanwhile, the second-largest ETH long account’s unrealized loss continues to grow, now at $14.2 million. Its ETH holdings are about $170 million, with an average entry price of $3,190. It seems that this wave of market movement has put many large holders in a passive position.

BTC0,16%

SOL-1,29%

ETH-0,88%

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GasFeeNightmare

· 21h ago

SOL this time is really a savior. Without it holding up, this whale would have gone bankrupt long ago. It cracks me up.

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MintMaster

· 21h ago

Wow, even the old whale BTC has its day. A floating loss of 2 million really hurts. SOL really came to the rescue this time, with a floating profit of 5.04 million holding up half the sky. The warrior who opened the position at 4 a.m., that move is a bit... sleepwalking? The whales are bottom fishing into their own hands now, it's a case of mutual harm.

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fren.eth

· 21h ago

Sol is really the savior this time, otherwise this whale would have exploded long ago. Even with BTC dropping this much, still daring to open positions at 4 a.m.? The courage is truly remarkable. Losing 2 million USD is nothing, the key is that they still hold over 700 million. Whales also have their day of crashing, this is quite satisfying to watch.

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MetaDreamer

· 21h ago

SOL is truly the top trend, while BTC, this old-timer, is now relying on it to survive.

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PessimisticOracle

· 21h ago

SOL really saved the day this time, or this whale would have already flipped... BTC is really tormenting people, still adding to positions at 4 a.m., this is a gamble. A floating loss of 2 million is nothing, the key is that the mentality must be collapsing... This is an on-chain gamble, a fate that no one can escape.

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GrayscaleArbitrageur

· 21h ago

BTC old whales have fallen this time, losing 2 million and relying on SOL to survive. I’m familiar with this routine. Entering positions at 4 a.m.? Are they courting death or truly optimistic? All the whales are trapped; is this a signal of a big drop coming? SOL has really been a savior this round, or else the old brother would be in ICU directly. Are those who bought the bottom at 90600 now crying? Adding more, adding more, but kept getting hammered all the way. How deep is the bottom? Even the whales are starting to float in losses. How can retail investors survive? Feeling like BTC is beyond saving, relying entirely on altcoins to support the market. This is not a good sign.

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