According to Hyperinsight monitoring, on January 12, a whale address previously labeled for multiple failed long attempts (0x8d0E) made a sudden shift to short BTC and quickly rolled its position, drawing market attention.
The address initially opened a short position of 69.34 BTC at approximately $91,091.7 per coin. Just about four minutes later, as the price dropped, it added another 31.56 BTC shorts worth around $2.842 million.
Following the rolling operation, the whale’s total short exposure in BTC reached $9.1553 million, with the average entry price adjusted down to $91,022.30. Its current unrealized profit stands at around $28,900, with a liquidation price at $146,687.61.
- Initial short entry: 69.34 BTC at ~$91,091.7
- Second addition: 31.56 BTC at ~$90,000
- Total position value: ~$9.15 million
- Current unrealized profit: ~$28,900
This strategic pivot shows the whale’s adaptability after a series of unsuccessful long attempts.