Whale conducts intensive half-hour liquidation: reduces holdings by 300 BTC and over 7000 ETH, turns around after losses to buy the dip with 20x leverage

【Blockchain Rhythm】 Interestingly, on-chain monitoring recently captured a large address () acting as a “Strategy counterparty” performing a rollercoaster of operations within half an hour. This trader first decisively reduced holdings, offloading over 299.5 BTC and 7361.7 ETH in a short period, effectively clearing out their long positions in BTC and ETH with a total value of approximately $48.6 million.

The drama unfolds here—early this morning, this address closed out positions and cut losses on mainstream coins, incurring a loss of over $15.3 million. However, it’s clear they didn’t want to give up just yet, and instead used 20x leverage to buy the dip in BTC and ETH, temporarily increasing their position size to $53 million. So far, the entire contract account still holds about $8.6 million in assets.

This operational logic actually helps explain the current market situation—under market volatility, even large traders are constantly adjusting their strategies, shifting from risk-averse clearing to aggressive leveraged bottom-fishing. This high-frequency position change reflects the current market uncertainty and traders’ wavering judgments on the future trend.