According to Coinbob tracking on Jan 8, a major whale fully closed a BTC long position of 3,846 BTC (worth ~$350M) within 4 hours, suffering a $3.6M loss. Previously, the whale had predicted BTC could rise to $93,300, but ultimately decided to cut losses. After the liquidation, the remaining $31.7M in margin was fully withdrawn from the account.
In addition, this address holds approximately 30,060 stETH (valued at ~$97M) and has deposited $370M in assets on Aave. Over the past days, the whale transferred $35.5M to Hyperliquid and opened a 3,846 BTC long position yesterday, reaching a peak position size of $350M, making it one of the largest BTC long holders on the platform.