Whale 'Lightning Counter' Shorts BTC and ETH, Facing Over $1 Million in Floating Losses

Whale 'Lightning Counter' Makes High-Leverage Bets

According to HyperInsight monitoring data from January 27, the well-known whale 'Lightning Counter' has recently engaged in high-leverage shorting of major cryptocurrencies.

This address shorted 684.54 BTC with 20x leverage, establishing positions at an average price of $87,428.6, currently showing a floating loss of $700,000. Simultaneously, it also shorted 10,112.2 ETH with 25x leverage, averaging at $2,898.77, with a floating loss of $339,000.

Distinctive Reversal Trading Pattern

Notably, this whale is recognized for its rapid market reversal trading style. Observers have documented that this address frequently initiates large-scale opposite-direction positions immediately after closing existing ones, a pattern that has earned it the 'Lightning Counter' moniker in trading circles.

• 684.54 BTC short position shows $700,000 floating loss
• 10,112.2 ETH short position faces $339,000 loss
• Average leverage exceeds 20x

Analysts note that such high-leverage shorting carries liquidation risks during extreme market volatility, though this whale appears to maintain strong risk management capabilities.