Latest Update
2026-10-18 17:41 UTC

Lookonchain: Gambler Closes $110.85M BTC Long for $3.26M Loss

Lookonchain: Gambler Closes $110.85M BTC Long for $3.26M Loss

Lookonchain reports that address 0x30af closed its 1,355.6 BTC long worth $110.85 million at a $3.26 million loss and immediately opened maximum-leverage longs in TSLA, DRAM and SOXL while retaining a separate BTC position with a stop at $80,500.

Source

Analysis

Lookonchain tracked address 0x30af closing its 1,355.6 BTC long valued at $110.85 million and booking a $3.26 million loss. The same wallet immediately rotated into maximum-leverage long positions of 96,522 TSLA ($34.65 million, liq $350.74), 158,557 DRAM ($7.59 million, liq $45.28) and 38,529 SOXL ($3.85 million, liq $89.39).

The trader’s separate ETH long was fully liquidated five hours earlier for a $1.08 million loss. The remaining BTC long of 1,355.6 coins ($110.85 million) carries a liquidation price of $80,035.7 and an explicit stop-loss at $80,500.

Price sits at $82,511.76 inside the Bollinger band with the upper band at $82,685.15 acting as immediate resistance. The 50-EMA at $82,309.53 and 200-EMA at $82,077.42 continue to provide layered support while RSI at 55.08 remains neutral and the MACD golden cross keeps the broader four-hour structure bullish; any rejection at the upper band would likely target the 50-EMA before the next directional move.


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