2026-01-19 00:35:56

Market fluctuations within 1.5 hours, a major whale's unrealized gains evaporated by $35 million💔

According to on-chain data tracking, this seasoned trader who opened a short position during the 1011 flash crash is in a poor situation. The account originally had an unrealized profit of $13.09 million, but the funding fees have accumulated to $7.7 million, so the actual net unrealized profit is only $5.39 million.

Let's take a look at this brother's key opening positions:

ETH entry price $3,161.85
BTC entry price $91,506.7
SOL entry price $130.19

In a short period, the market reversed sharply, and the risk exposure of this account can be imagined. The continuous draining of funding fees combined with market volatility caused the seemingly good short position to come under pressure instantly. This also serves as a reminder to everyone: large positions are extremely vulnerable when the market turns—no matter how smart you are, the market can still teach you a lesson.

ETH-3.48%

BTC-2.67%

SOL-6.5%

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HodlKumamon

· 6h ago

7.7 million funds fee… I calculated the bloodsucking speed, losing about $7,000 every minute on average. Even the bears feel sorry for him… That’s why the bears have been saying that large holdings are a liquidity trap. The moment the market reverses, your wisdom turns into a negative… Thinking of the Kelly formula, the larger the leverage position, the more exponential the losses. This wave is really a living lesson… By the way, this guy still has some skills, at least he didn’t get wiped out, but this speed run-style evaporation really impressed me… Actually, I’ve said it before, when the funds fee keeps rising, it’s time to reduce positions. The data is right there… In a bear market, the hardest part isn’t predicting the right direction, it’s surviving until the day of reversal…

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MetaMaskVictim

· 6h ago

7.7 million in funding fees directly drain your funds—that's the cost of shorting.

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bridge_anxiety

· 6h ago

$7.7 million funding fee... Now that's a real killer --- The short dream is shattered, market makers are winning big --- Watching unrealized gains evaporate, I knew someone was about to write a long post --- That's why I never dare to open such large positions --- Funding fees eat up most of the profits, this game is truly ruthless

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CryptoTherapist

· 6h ago

ngl this is giving "psychology of financial ruin" energy... the funding fees alone are a masterclass in market anxiety syndrome. that's what happens when your ego-sized position meets actual volatility 💀

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