A new high-leverage contract held by a whale on a certain chain has a floating loss of nearly $1.7 million across multiple cryptocurrencies.

SerumDegen · 2026-01-10T09:14:12+00:00

The well-known trading institution "Strategy Counterparty" has carried out a wave of aggressive operations, opening high-leverage long positions, but the overall unrealized loss has reached $1.7 million. The main losses come from Bitcoin, Ethereum, and SOL, with SOL suffering the most significant losses. The institution bet on a market rally, but the current price trend does not align with expectations.

SerumDegen

2026-01-10 09:14:12

Abstract generation in progress

【ChainNews】On-chain data shows that yesterday, a well-known trading institution “Strategy Counterparty” launched a wave of aggressive operations.

They opened a new 20x leveraged XRP long position. Currently, the overall position of this strategy is underwater—unrealized loss of about $1.7 million. Specifically, this institution has heavily invested in multiple mainstream coins:

For Bitcoin, holding 1,699 BTC with 15x leverage, at a cost basis of $90,801 per BTC, now nearly $300,000 in loss. Ethereum is even worse, with 33,063 ETH at 15x leverage, entry at $3,099, with a deeper decline, unrealized loss of over $340,000.

The SOL position is the most aggressive—20x leverage, 336,109 tokens, average price $138, now the largest source of loss, with an unrealized loss of over $870,000. As for the new XRP position, although it is the main trigger for this wave of action, with a massive holding of 3,777,318 tokens, it also contributes over $160,000 in losses.

This operation seems to be betting on the market continuing to rise, but the current price trend appears to have slightly outpaced this institution’s judgment. How the next trend unfolds depends on whether this team still has the stamina to keep chasing.

XRP-0,95%

BTC0,27%

ETH1,03%

SOL1,87%

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ILCollector

· 57m ago

Oh my goodness, $1.7 million just floated away like that... This guy really has some guts. How bearish do you have to be to dump such a heavy position on SOL... 870,000 open positions with floating losses, it hurts just looking at it. Leverage and big players again, wow, the name of the opposing side's order book is spot on.

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shadowy_supercoder

· 01-10 21:02

This whale is probably going to be liquidated haha, that SOL position is really outrageous.

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TrustlessMaximalist

· 01-10 09:44

Haha, is this guy gambling again? 1.7 million just as tuition fees. That SOL trade really pushed himself to the limit.

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PoetryOnChain

· 01-10 09:43

This guy is really addicted to gambling. He directly used 20x SOL to rub 1.7 million on the ground.

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StablecoinEnjoyer

· 01-10 09:42

Wow, this leverage operation is really intense... $1.7 million evaporated directly, with a floating loss of 870,000 on a single SOL position. That must require a lot of mental resilience. Stablecoins are really appealing, no need to watch this kind of knife every day.

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BearMarketGardener

· 01-10 09:34

Haha, how thick is this whale's brain? Playing XRP with 20x leverage, one misstep and it's an instant liquidation... --- SOL 870,000 floating loss? This is called a "counterparty" right? Our counterparty... --- 1.7 million gone, I just watch them send money, so bad at trading but still want to play high leverage, huh? --- Strategy's name as "counterparty" is pretty fitting, it really became everyone's opponent, haha. --- BTC, ETH, SOL, XRP all in—are they trying to go all-in? Ended up losing 1.7 million... --- Playing with 15x, 20x leverage like that, no wonder they got liquidated. Not everyone should mess with leverage. --- This institution is really fierce, placing such heavy bets on so many coins at once, and all ended in the red. --- A position with an 870,000 loss, I really wish I had the ability to make money like that.

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GamefiEscapeArtist

· 01-10 09:33

Haha, this is the legendary face-to-face order book operation. The SOL single position of 870,000 is gone? How much mental resilience does that take? --- Damn, 1.7 million floating loss. This trader really dares to play. I just want to know how long they can hold on. --- The name "Strategy Opponent Book" is really clever. It has truly become some people's opponent book. Contracts are really a slaughterhouse. --- 20x leverage on XRP? Bro, you're betting your life. I feel nervous just watching them. --- A 15x BTC position lost 300,000. What kind of position is that? The game of the rich is indeed different. --- Why is the floating loss on SOL so fierce? Has it been crashing recently? Or is this institution just the king of odds? --- Every time I see this kind of data, I thank myself for not playing such aggressive leverage. It’s basically a heart rate accelerant. --- ETH at 3099 entry? When was this cost price? Feels like I got caught in a dead end. --- 170,000 yuan, for ordinary people, it's an astronomical number. For them, it might just be a matter of an afternoon. --- This is why I’ve always avoided leverage. The risk-reward ratio is simply not worth it.

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ZenZKPlayer

· 01-10 09:33

Here are 3 randomly generated differentiated comments for your selection: **Comment 1:** This guy is really bold, holding a SOL single position with a floating loss of 870,000. I need to learn this mindset. **Comment 2:** Using 20x leverage on XRP, wake up, brother. Liquidation is only a matter of time. **Comment 3:** Losing 1.7 million is truly painful. The key question is, why did you have to go all-in at this particular time?

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