BTC surpasses $91,000, traders who rolled over lose $20 million in unrealized gains

OfflineNewbie · 2026-01-28T22:19:26+00:00

On January 24, a trader faced significant losses as Bitcoin and Ethereum surged. Their rollover position dropped from $300 million to $238 million, resulting in a $72 million loss. This highlights the risks of leveraged trading and the need for continuous position management.

OfflineNewbie

2026-01-28 22:19:26

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On January 24th at 1:00 AM, when Bitcoin (BTC) surpassed $91,000 and Ethereum (ETH) exceeded $3,000, a harsh reality struck a certain trader. According to on-chain analyst Yu Jin reported by PANews, a trader known by the address “0xD83…Fd7” suffered significant losses related to a rollover position worth approximately $600 million.

Position Liquidation and Rapid Asset Reduction

The value of the short position (sell order) held by this trader rapidly compressed from $300 million to $238 million. This means that within just a few hours, $72 million worth of position value was lost. Notably, a position that just two days prior held an unrealized profit of $24 million has now decreased to less than $4 million. This dramatic change suggests the vulnerability of rollover positions.

Market Fluctuations and the Risks of Rollover

When the market moves unexpectedly, rollover positions are particularly exposed to significant risks. The simultaneous rise of BTC and ETH squeezed the short position, resulting in the trader incurring an unrealized loss of over $20 million. Such cases highlight the dangers of leveraged trading and underscore the importance of continuous position management.

BTC-2,2%

ETH-7,51%

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