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Whale Liquidation: $20M in Long Positions Liquidated on Nasdaq 100, Resulting in a Weekly Loss of $2.9M

By: theblockbeats.news|2026/02/05 19:02:13
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BlockBeats News, February 5th, according to Coinbob Popular Address Monitor, the "Distinguished Whale Trader" address (0x894...) has closed its entire 10x leveraged XYZ100 (Nasdaq 100 Index Perpetual Contract) position. The position was closed at 14:00 (Beijing time) yesterday, just before the pre-market trading of US stocks.

Previously, the position reached a size of $21.1 million, with an average price of $25,443.47, and the unrealized gain once reached $580,000. The position was eventually closed at a price of $25,291, causing a complete loss of the unrealized gain and realizing an actual loss of about $300,000. If the position had not been closed in time, with the Nasdaq falling further by about 1.75% today, the loss could have expanded to over $700,000.

In addition, the address also closed its 10x leveraged COPPER (Copper Futures Perpetual Contract) position held yesterday, with a position size of about $18 million, an average price of $5.94, and ultimately realizing a profit of about $360,000.

Currently, the trader's total position size has decreased to about $4 million, with a weekly loss of $2.9 million. To mitigate risks, the trader now only holds long positions in Intel (XYZ: INTC) and Micron (XYZ: MU).

The trader focuses on trading US stocks and on-chain precious metals, previously being the largest long in on-chain gold and having taken a substantial position of $40 million in the Nasdaq and copper price.

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