Bitcoin Whale Address 0xfb7 Closes 20x Leveraged Long Position, Incurring $3.77 Million Loss

On Jan. 8, a Bitcoin whale address (0xfb7) closed a 20x leveraged long position, realizing a $3.77 million loss, according to on-chain data. The closure occurred about 30 minutes before disclosure and highlights the high risk and volatility of leveraged crypto trading. Moves by large holders like this are closely watched for signals on market sentiment and short-term price dynamics.