PANews reported on January 31 that, according to on-chain analyst Ai Yi, a "whale that opened short positions after the 1011 flash crash" reduced its holdings byPANews reported on January 31 that, according to on-chain analyst Ai Yi, a "whale that opened short positions after the 1011 flash crash" reduced its holdings by

The "short-selling whale" that opened short positions after the 1011 flash crash reduced its holdings by 24,639.69 ETH in the past 20 minutes, and its current unrealized loss exceeds $130 million.

2026/01/31 22:46
1 min read
News Brief
According to on-chain analyst Ai Yi, a whale who established short positions following the October 11 flash crash has just offloaded 24,639.69 ETH within a mere 20-minute window—approximately $62.88 million in value. This represents their initial liquidation since switching to long positions on December 7, 2025, ultimately accumulating a substantial loss exceeding $14.06 million. The massive sell-off seemingly drove ETH downward to $2,510.00, thereby expanding its 24-hour decline to 8.00%. Currently, this whale maintains $577.00 million in long positions yet confronts a staggering $133.00 million unrealized loss. Analysts believe this vividly illustrates how rapidly fortunes can reverse in crypto trading when leveraged strategies backfire.

PANews reported on January 31 that, according to on-chain analyst Ai Yi, a "whale that opened short positions after the 1011 flash crash" reduced its holdings by 24,639.69 ETH in the past 20 minutes, worth approximately $62.88 million. This is the first time it has been liquidated since it opened long positions on December 7, 2025, resulting in a substantial loss of over $14.0626 million. This may have affected ETH, which briefly fell to $2,510, with the 24-hour decline widening to 8%. Currently, it still holds long positions worth $577 million, with a floating loss of $133 million.

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