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Bitcoin Whale Unloads $350M Bet as BTC Tumbles Toward $90K – Smart Move or Panic Exit?

Bitcoin Whale Unloads $350M Bet as BTC Tumbles Toward $90K – Smart Move or Panic Exit?

Author:
Thecryptobasic
Published:
2026-01-08 11:21:56
20
1

Whale dumps leveraged position amid market slide—was it a calculated retreat or forced liquidation?

When the big players move, markets tremble. A single Bitcoin whale just closed a $350 million leveraged position as BTC's price action turned ugly, sliding toward the $90,000 level. The timing raises eyebrows—was this a preemptive strike before deeper losses, or just another over-leveraged gambler getting margin-called?

Leverage giveth, and leverage taketh away. While retail traders cling to hopium, the smart money knows when to fold 'em. After all, in crypto, the only thing more volatile than prices are the 'diamond hands' narratives of bagholders.

Bonus jab: Traders who thought 100x leverage was free money are now discovering gravity—and their broker's liquidation engine.

Bitcoin Whale Exits $350M Leveraged Position as BTC Slides Toward $90K

A major Bitcoin whale has exited a sizable Leveraged position as BTC price slid back toward the $90,000 mark. According to blockchain analytics firm Lookonchain, a whale wallet identified as 0xFB78 closed all of its Bitcoin long positions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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