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.
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.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto-Fueled Rekt Drinks Sells 1 Millionth Can Amid MoonPay Collab
The post Crypto-Fueled Rekt Drinks Sells 1 Millionth Can Amid MoonPay Collab appeared on BitcoinEthereumNews.com. In brief Rekt Brands sold its 1 millionth can of its Rekt Drinks flavored sparkling water. The Web3 firm collaborated with payments infrastructure company MoonPay on a peach-raspberry flavor called “Moon Crush.” Rekt incentivizes purchasers of its drinks with the REKT token, which hit an all-time high market cap of $583 million in August. Web3 consumer firm Rekt Brands sold its 1 millionth can of its Rekt Drinks sparkling water on Friday, surpassing its first major milestone with the sold-out drop of its “Moon Crush” flavor—a peach raspberry-flavored collaboration with payments infrastructure firm MoonPay. The sale follows Rekt’s previous sellout collaborations with leading Web3 brands like Solana DeFi protocol Jupiter, Ethereum layer-2 network Abstract, and Coinbase’s layer-2 network, Base. Rekt has already worked with a number of crypto-native brands, but says it has been choosy when cultivating collabs. “We have received a large amount of incoming enquiries from some of crypto’s biggest brands, but it’s super important for us to be selective in order to maintain the premium feel of Rekt,” Rekt Brands co-founder and CEO Ovie Faruq told Decrypt. (Disclosure: Ovie Faruq’s Canary Labs is an investor in DASTAN, the parent company of Decrypt.) “We look to work with brands who are able to form partnerships that we feel are truly strategic to Rekt’s goal of becoming one of the largest global beverage brands,” he added. In particular, Faruq highlighted MoonPay’s role as a “gateway” between non-crypto and crypto users as a reason the collaboration made “perfect sense.” “We’re thrilled to bring something to life that is both delicious and deeply connected to the crypto community,” MoonPay President Keith Grossman told Decrypt. Rekt Brands has been bridging the gap between Web3 and the real world with sales of its sparkling water since November 2024. In its first sale,…
Share
BitcoinEthereumNews2025/09/20 09:24
Solana Price Prediction from Standard Chartered
Solana (SOL) is currently navigating a high-stakes technical test, trading near its 10-month lows as the market digests a 60% drawdown from its 2025 peak. Despite
Share
Ethnews2026/02/04 07:15
The Staggering $750M Unrealized Deficit Shaking Corporate Crypto Strategy
The post The Staggering $750M Unrealized Deficit Shaking Corporate Crypto Strategy appeared on BitcoinEthereumNews.com. MicroStrategy Bitcoin Loss: The Staggering
Share
BitcoinEthereumNews2026/02/04 06:49