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Trader’s ETH short and BTC long show over $5.5 million unrealized loss

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.

BTC
ETH

Fact Check
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.
Summary

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.

Terms & Concepts
  • 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.