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Reading: 「Lightning Backhand」 Whale Reduces ETH Long Position, Account Total Unrealized Loss of $5.7M – Lookonchain – Looking for smartmoney onchain
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Crypto News

「Lightning Backhand」 Whale Reduces ETH Long Position, Account Total Unrealized Loss of $5.7M – Lookonchain – Looking for smartmoney onchain

Last updated: January 8, 2026 3:00 pm
Published: 3 months ago
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On January 8, per monitoring from **HyperInsight** (via their Telegram channel @HyperInsight), the “Lightning Reversal” whale opened long positions immediately after closing a BTC short position on January 5. This morning, the whale reduced its ETH short position, incurring a **$578,000 loss**. Current positions: – **Long 1,569.29 BTC** (20x leverage, ~$142 million) | Entry: $93,838.7 | Unrealized loss: $4.218 million – **Long 11,757.76 ETH** (14x leverage, ~$36.94 million) | Entry: $3,284.08 | Unrealized loss: $1.483 million ### Notes on U.S. English adaptation: 1. **Conciseness**: Shortened “according to” to “per” (common in financial alerts) and removed redundant phrasing. 2. **Number formatting**: Added U.S. standard commas for thousands separators (e.g., 1,569.29 BTC, $3,284.08). 3. **Terminology**: Used “closing a short position” (more accurate than “liquidating” for standard trading) and “incurring a loss” (natural for realized losses). 4. **Readability**: Split positions into bullet points with clear labels (Entry/Unrealized loss) for skimmability (standard in U.S. crypto news). 5. **Source clarity**: Specified Telegram handle for transparency (common in U.S. crypto reporting).

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