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Bitcoin Trader Closes $2.54 Million ETH Long Position With $2.54 Million Loss, Reduces BTC Longs

Bitcoin Trader Closes $2.54 Million ETH Long Position With $2.54 Million Loss, Reduces BTC Longs

Whale activity now includes a Jan. 12 BTC long closure with a small loss, alongside earlier multi-million dollar ETH losses and leveraged trading across multiple assets.

BTC
ETH
PEPE

Fact Check
The assessment is based on a strong, direct confirmation from a high-authority primary source. Lookonchain, an on-chain analytics platform, explicitly reports that a whale closed a $12.85 million Bitcoin (BTC) long position for a $147,000 loss, matching every detail of the claim. The credibility of this type of reporting is further supported by other reputable sources that cite on-chain analytics firms for similar news.While a few lower-authority sources mention a position of the same value ($12.85 million), they contradict key details, stating the asset was Ethereum (ETH) and, in one case, that it resulted in a profit. Given that Lookonchain provides direct on-chain data, its report is considered far more credible than these conflicting, lower-authority news snippets. The evidence overwhelmingly supports the statement, with the contradictions being weak and likely attributable to reporting on a different event or simple error.
Summary

Hyperinsight reported Jan. 9 whale trading involving a $2.536 million realized loss from ETH longs and reduced BTC exposure, with gains from PEPE preceding leveraged positions. Additional $616,000 ETH losses and position flips were noted. On Jan. 12 at 15:37, high-frequency trading whale address 0xd25a1 closed 172.98 BTC long positions, realizing an $11,000 loss. The address has recorded $335 million in total trading volume, $55,095.2 monthly profit, and $822,571.18 cumulative loss.

Terms & Concepts
  • Leveraged longs: Long positions opened using borrowed funds to amplify exposure and potential returns, which also increases downside risk.
  • Shorts: Positions that profit when an asset’s price falls, often established by selling borrowed tokens to buy back later at a lower price.
  • PEPE: A meme coin traded in crypto markets; used here as the asset from which a whale realized profits before reallocating capital.