Whale's "Lightning Counterattack" Flattens BTC Position Again: Over 50% Unrealized Loss After Adding 6 Bitcoins

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【Blockchain Rhythm】Monitoring data shows that on January 19th, that notorious “Lightning Reverse” whale address (0x50b3…) made a move again. This time, it continued to add to its BTC long position, increasing by 6.09 Bitcoins, with a total value of approximately $523,600.

Interestingly, through this averaging operation, its average holding price dropped from $95,504.10 to $95,014.10 — a small decrease, indicating careful risk management. However, the entire position size has already reached $1,920,500.

But here’s the problem: this position is currently showing an unrealized loss of $48,600, with a loss percentage of 50.59%. In other words, the account is in the red, and quite deep into the red. Is this whale optimistic about the market and holding on stubbornly, or is it just averaging down? Worth watching further.

BTC-2,1%
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RadioShackKnightvip
· 11h ago
Still adding positions despite losing so much. This whale either truly believes in Bitcoin or is just stubbornly holding on after getting caught in a bad position.
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DAOTruantvip
· 11h ago
Still daring to add after a 50% unrealized loss? This guy either truly believes in BTC or has a gambler's mentality. The biggest risk of averaging down on this kind of position is continuous downward pressure.
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ShadowStakervip
· 11h ago
ngl, that averaging down strategy is *exactly* the kind of thing that keeps me up at night... down 50% and still loading? either conviction or delusion, honestly can't tell which anymore. the precision on that basis reduction tho—micro-managing like they're tuning validator client diversity. respect the risk discipline but man, the math just doesn't compute when you're this deep in red.
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GateUser-cff9c776vip
· 11h ago
Still adding more after losing 50%? This guy must have either recharged his faith or is just an artist of cost, perfectly illustrating the philosophy of a bear market.
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