Someone already started to get trapped in January 2026.

Address 0x218…B7Da2 holds 21,820.69 ETH, with an opening average price of $3,496.31. The current short position is now floating with a loss of $1,244,000. Even more heartbreaking, the liquidation price is also at $3,496.31—meaning there is no room for maneuver left in this order.

How to describe this move? The entry point was quite good, but unfortunately, the subsequent market trend did not cooperate. A position of tens of thousands of ETH, once triggered for liquidation, could also cause significant impact on on-chain liquidity. That’s why monitoring whale movements is so crucial—large holders’ position changes often reflect market sentiment shifts in advance.

At the start of the new year, such cases also serve as a reminder to everyone: even big capital players must respect risk management. There is no perfect entry point, only reasonable stop-loss levels.