「Elon Musk Liquidation Wheel」 Liquidated a $106M Short Position, Resulting in a $479K Loss

On December 30th, data from Coinbob Popular Address Monitor (via its Telegram channel at https://t.me/Coinbob_track_CN) indicates that the wallet address starting with 0x721 has amassed roughly $50,000 in principal since January this year, posting a profit of $272,000. Over this period, it has completed 82 round-trip trades, with monthly and overall win rates both exceeding 80%, a 100% weekly win rate, and a mere 1% drawdown. Currently, the address holds a 20x leveraged short position on BTC, with an average entry price of $89,300 and an unrealized profit of 44%. In the past hour, it has placed around 100 dense buy orders, narrowing the range to $80,000–$87,000, and plans to close the short and go long when BTC dips to $86,383 (triggering its 11th buy order). It also previously set 100 sell orders in the $90,200–$94,200 range, 4 of which have been filled. The address’s trading style leans toward a pyramiding hedged grid strategy: layering long and short orders within a defined

Per Onchain Lens monitoring on December 30: - Whale address 0x47e deposited 2M USDC and opened a 3x leveraged short position on LIT. - Whale address 0xd6b deposited 1.5M USDC and opened a 3x leveraged short position on LIT.

As of December 30, 2025, Japanese listed firm MetaPlanet holds 35,102 Bitcoins, per the company’s latest announcement on the same date. The holdings have a total value of approximately $3.78 billion, with an average purchase price of around $107,606 per Bitcoin. Bitcoin is currently trading at $87,428.6. At this price, MetaPlanet’s Bitcoin holdings are in a paper loss of 18.75%—equivalent to roughly $708.75 million.

Per Onchain Lens data as of December 30, a whale has added $3.59 million to its LIT long position, currently holding an unrealized loss of over $1.26 million. Six hours prior, the same whale closed its ASTER short position, netting roughly $537,000 in profits.

On December 30, decentralized perpetual contract trading platform Pacifica again added extended funding rate data. The platform previously supported viewing data from platforms including Pacifica, Binance, Hyperliquid, Lighter, and more. Per Pacifica’s real-time funding rate data, the cryptocurrencies with the most notable positive and negative rate differences over the past 1 hour (between Pacifica and other platforms) are: - LIT (Pacifica vs. Hyperliquid): +0.01% - ZEC (Pacifica vs. Binance): +0.0064% - HYPE (Pacifica vs. Hyperliquid): -0.0023% - NVDA (Pacifica vs. Hyperliquid): +0.0036% These rate discrepancies create arbitrage opportunities. Currently, traders on Pacifica are executing arbitrage strategies by opening long and short positions while increasing trading volume. On-chain data analysis and copy trading tool Coinbob has launched Coinbob Pacifica (@CoinbobPAC_bot), a Telegram bot where users can copy high-frequency traders’ strategies, earn trading points