$310 million long whale increased position to loss within 2 hours, with potential losses exceeding tens of millions

On-Chain Monitoring Data Reveals the Brutal Reality of Recent Market Volatility: A whale with a long position worth $310 million shifted from active accumulation to deep losses within just 2 hours. This change not only reflects intense market fluctuations but also exposes the risks faced by large positions.

Rapid Reversal of Whale Position

According to the latest news, this whale is currently showing an unrealized loss of $1.451 million. Behind what seems like a modest figure lie even more shocking details.

The long positions are composed as follows:

SOL alone accounts for over 56% of the unrealized loss, which is no coincidence. This address was still adding to its SOL position 2 hours ago but did not anticipate the subsequent rapid decline.

From Profit to Loss: The Turning Point

The most dramatic aspect is the time comparison. From the high point of the coin price yesterday evening, this whale’s account has shifted from an estimated profit of around $10 million to a complete loss. This means that in less than 24 hours, the position has retraced over $11 million.

Why did SOL become the main “bleeding point”

SOL has recently shown relative resilience. According to market data, SOL is currently priced at $136.05, with a 24-hour decline of only 0.98%, and a 7-day increase of 3.64%. However, this whale’s $43.64 million SOL position is unrealized loss of $817,000, indicating that the cost basis of this address’s position is significantly higher than the current price.

This highlights a common risk: traders who gradually add to their positions during an uptrend often continue to buy at higher levels. When the market adjusts, these high-cost positions become the most vulnerable.

True Reflection of Market Volatility

The importance of this event lies not in the gains or losses of a single whale but in what it reveals about the market state. An institutional player with $310 million in capital still finds it difficult to protect profits amid short-term volatility, indicating that current market volatility is indeed intense.

Several points worth noting:

• The risk of adding positions: adding to positions 2 hours ago suggests misjudgment of subsequent market movements
• The double-edged sword of position size: $310 million is enough to move the market, but also makes flexible adjustments difficult
• The fragility of SOL: despite a modest overall decline, large positions’ cost structures are more exposed to risk

Future Focus

Whether this whale will continue to hold or cut losses will directly influence the short-term market trend. If such large positions are closed, it could intensify downward pressure on SOL and other tokens. Conversely, if it chooses to hold or add more, it may indicate confidence in a subsequent rebound.

Summary

A whale with a $310 million long position in mainstream coins shifted from accumulation to deep unrealized losses within 2 hours, with potential losses exceeding $11 million. This is not only about individual traders’ gains and losses but also reflects the current market’s high volatility. SOL, as the main source of loss, with an unrealized loss of $817,000, demonstrates how risky high-level accumulation can be. This event reminds market participants that even institutions with substantial capital cannot fully avoid risks brought by market fluctuations. The subsequent movements of this address warrant ongoing attention, as its choices could have a direct impact on the market.