List of Flash News about BTC long loss
| Time | Details |
|---|---|
|
2026-01-08 02:42 |
On-chain Whale 0xfb7 Rotates From BTC to ETH: $3.77M BTC Long Closed, $31.7M USDC to Wintermute, 10,000 ETH Bought, 40,060 stETH Worth $126.48M
According to @OnchainLens, whale address 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 closed a 20x BTC long with an approximately $3.77M realized loss, withdrew all funds, then deposited $31.7M USDC to Wintermute and purchased 10,000 ETH; source: @OnchainLens on X 2026-01-08; https://hyperbot.network/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3. According to @OnchainLens, the ETH was later converted to stETH and moved to another wallet holding 40,060 stETH valued at about $126.48M, indicating a rotation from BTC derivatives exposure toward ETH staking exposure via stETH; source: @OnchainLens on X 2026-01-08. |