Trader’s ETH short and BTC long show over $5.5 million unrealized loss
On-chain-tracked trader “sat0shi777,” also identified in newer reporting as whale “0x50b,” saw repeated liquidations on a large Ether short before reportedly closing it with a $9.386 million loss while keeping a leveraged Bitcoin long.
The primary source cited by odaily is the Lookonchain post on X, which directly states the trader's ETH short and BTC long lost over $5.5M, wiping out $4.96M profit from 100+ trades with a 90% win rate — matching the claim. Arkham on X independently corroborates the same trader (sat0shi777) shorting ~$89-90M ETH while long ~$30M BTC as a hedge, with a near liquidation price as ETH rose, consistent with an account turning from profit to loss. BlockBeats corroborates the 90% win rate, ~$90M short, and 4 liquidations giving back all profit. Minor figure variation across sources (e.g., BlockBeats cites a smaller net loss at a different snapshot time) reflects live-position timing rather than contradiction. The event's identity as an unverified on-chain trader monitoring report (not an official disclosure) limits certainty slightly, but the consistent multi-source corroboration supports the claim.
A trader tracked on-chain as “sat0shi777” came under mounting pressure as Ether rose, turning what had been a profitable account into a loss. Earlier reports said a roughly $90 million ETH short, partly offset by a roughly $30 million BTC long hedge, was showing more than $5.5 million in unrealized losses as ETH climbed. Subsequent reporting said the account was liquidated four times, at one stage leaving a remaining $38 million ETH short with a liquidation price of $1,755.75, before newer reporting from HyperInsight said the trader closed that final Ether short with a $9.386 million loss. That latest report said the trade erased a prior cumulative profit peak of $6.75 million and left the account down more than $2.3 million despite a win rate above 90% across more than 100 trades.
- liquidation: Forced closure of a leveraged position when losses erode the collateral needed to keep it open.
- unrealized losses: Declines in a position’s value that have not yet been locked in by closing the trade.
- 20x leveraged long position: A bullish trade using borrowed funds at 20 times exposure.