Ethereum News Update: Crypto’s ‘Invincible’ Whale Suffers $39 Million Loss Amid Bearish Market Shift
- A "100% Win Rate" crypto whale liquidated BTC/ETH/SOL longs, incurring $39.37M losses amid a $1.1B market selloff. - Ethereum fell below $3,400 and Bitcoin neared $100,000, triggering 303,000 trader liquidations in 24 hours. - "Abraxas Capital" increased BTC/ETH/SOL short positions to $760M, betting on prolonged bearish trends. - Analysts warn of deeper selloffs if institutional selling or macroeconomic risks intensify, with RSI nearing oversold levels.
A crypto whale, previously recognized for an unbroken streak of successful trades and dubbed the "100% Win Rate" whale, has closed out all remaining long positions in
The whale, associated with the address 0xc2a, had achieved a flawless record in 13 trades over a 15-day period since October 12, accumulating $16.08 million in gains, according to LookOnChain. However, recent rapid shifts in strategy—including closing out BTC and
The overall crypto market has faced significant volatility, with Ethereum falling below the $3,400 mark—a psychologically important threshold—and Bitcoin approaching $100,000 for the first time since June 23, as reported by BeInCrypto. In just 24 hours, more than 303,000 traders saw their positions liquidated, and $287 million in long trades were erased within a single hour. Those using high leverage suffered the most, as exchanges recorded $300 million in liquidations in just one hour, according to BeInCrypto.
The departure of the "100% Win Rate" whale stands in contrast to the moves of "Abraxas Capital," another major market participant that has been aggressively shorting BTC, ETH, and
The wave of liquidations has intensified bearish sentiment, with the Relative Strength Index (RSI) for both BTC and ETH approaching oversold levels. Experts caution that if institutional selling accelerates or if macroeconomic uncertainties—like fluctuating interest rates—continue to pressure risk assets, the synchronized selloff could worsen, as BeInCrypto also pointed out.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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