On-chain Evening Review: Market weakens, bears take advantage to cash out, and long-term stop-loss waves emerge

GateUser-6433627c · 2026-01-08T12:36:35+00:00

On January 8th, major whale movements were significant: among the bulls, whales closed BTC long positions with a loss of $3.6 million and reduced ETH long positions with a loss of $578,000; among the bears, whales closed ETH short positions with a profit of $393,000, and another whale shorted BTC with high leverage.

GateUser-6433627c

2026-01-08 12:36:35

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On January 8th, according to Hyperinsight monitoring, the hot whale movements with new rebalancing from 10:00 to 20:00 are as follows:
Bullish camp:

“Rebalancing to go long with a 350 million BTC position” whale closed BTC long positions to stop losses, with a total loss of approximately $3.6 million.
“Lightning counterattack” whale reduced ETH longs, realizing a loss of $578,000, with a total unrealized loss of $5.7 million on ETH longs.
Renowned “Bankrupt Whale” James Wynn reduced ETH longs, realizing a loss of $24,400, while still holding 838.41 ETH longs at 25x leverage.

Bearish camp:

Swing whale “pension-usdt.eth” closed a $63 million ETH short position, ultimately realizing a profit of $393,000.
A certain whale closed 136 BTC longs, realizing a loss of $22,000, then shorted 80 BTC (approximately $7.26 million) at 40x leverage.

BTC-0,09%

ETH0,19%

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