Whale quickly switches between long and short positions, shorting 211 BTC with 20x leverage

RumbleValidator · 2026-01-23T04:50:10+00:00

On-chain data shows that on January 23rd at noon, an active whale wallet opened a short position on 211.71 BTC with 20x leverage, with an average entry price of approximately $89,845. Although currently slightly in loss, its rapid entry and exit, along with frequent switching between long and short positions, have attracted market attention.

RumbleValidator

2026-01-23 04:50:10

Abstract generation in progress

【Blockchain Rhythm】On-chain data shows that at noon on January 23, an old whale with a “quick turn” strategy moved again. This wallet address, known for frequently switching between long and short positions, opened a short position of 211.71 BTC at 12:31 with 20x leverage, with an average entry price around $89,845.

From the current position, this short is slightly floating in loss. However, this doesn’t seem to be a major concern for the whale—its trading style has always been quick in and out. Closing one position and immediately opening a large position in the opposite direction has become its “daily routine.” The reason behind this aggressive long-short switching—whether based on market judgment or purely short-term trading strategies—deserves the attention of market participants.

BTC-0,23%

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FreeRider

· 10h ago

This whale is really playing with fire, shorting 211 Bitcoin with 20x leverage, quite daring. He's changing direction again, this guy has never been stable. Not afraid of floating losses, this is the true gambler's mentality. Built a position at 89845... I bet this wave will be eaten up. Quick in and out is indeed exciting, just worried about not being able to get out one day. This trading style feels like betting on market sentiment rather than fundamentals. What are the whales doing? Should we follow and learn? Don't be silly, most likely getting liquidated.

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BlockchainArchaeologist

· 10h ago

This whale really can't hold back, even daring to play with floating losses? Either they have a clear head or are pure gamblers. --- Opening a short with 20x leverage on 211... This guy just loves to play with fire. --- Quick in and out, sounds very exciting. As a small retail investor, I can only watch and envy. --- Can you stay so calm despite floating losses? There’s definitely something there, or maybe this guy is just addicted to trading. --- Can this short position turn around? The level he’s betting on seems interesting. --- Playing with 20x leverage, they’re all wolves. This whale’s vision is really broad. --- Another long-short switch... This rhythm is truly incredible; ordinary people can’t learn it.

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BoredRiceBall

· 10h ago

Floating losses are not a concern; the master of reverse trading has arrived. This whale really convinced me. This whale's game is all about quick reversals, sometimes long, sometimes short. Can it really make money? Building a position at 89845? Just wait to be proven wrong. This bullish wave must reverse soon. 20x leverage? That's really bold. If you lose, you'll be liquidated directly. Don't get caught in a trap. This rhythm... if you keep doing it this way, you'll eventually hit a snag.

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MetaverseHermit

· 10h ago

This whale is playing way too wild, opening 20x leverage on a whim, with floating losses without blinking an eye. This guy probably treats the exchange like a slot machine. Quick in and out—if this strategy can make money, I really don't understand. Again switching strategies, using large leverage—either he's really gambling or he's truly understood something, but I bet five bucks it's the former. 211 Bitcoin leverage—what kind of mental toughness does it take to operate like that? Seeing floating losses but remaining steady—either he's crazy or he's got some real skills.

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