Bitcoin Latest Updates: Enigmatic Whale's $274 Million Investment Faces Loss as Bitcoin Struggles Against $117,000 Barrier

A well-known crypto whale, famous for maintaining a "100% Win Rate," has increased their long positions in

and to a combined $274 million, though the account is currently showing an unrealized loss of $384,000. On-chain analyst reports that the whale owns 1,309.31 (valued at $144 million) and 33,270.78 ETH (worth $129 million), with average entry points at $110,592.3 for Bitcoin and $3,897.59 for Ethereum. The portfolio, which was previously in profit, has now slipped into the red, and there are still 64.95 BTC in that have yet to be filled.

This whale's trading comes during a period of significant market volatility, with Bitcoin lingering near major support zones. On the weekly timeframe, BTC has managed to hold above $103,000 after a steep drop in mid-October, and is now trading close to $111,200. Market observers point out that buyers are defending the 50-week moving average, a crucial support during the current bull run. However, Bitcoin continues to face resistance at $117,500, a barrier that has repeatedly halted rallies since mid-2025. Should BTC break above this level, it could quickly climb toward the $125,000–$130,000 range, while a close below $106,000 could indicate a deeper pullback, according to a recent

.

The whale's moves are part of a larger pattern of strategic shifts among major crypto holders. In recent weeks, big players have switched between high-leverage long and short positions to take advantage of October's price swings. For instance, one whale deposited $30 million in

to Hyperliquid and initiated a 10x short on 700 BTC, resulting in an unrealized gain of $455,000, as reported by . At the same time, some have adopted more defensive tactics, such as wallets linked to Andrew Kang, which opened $68 million in shorts while keeping a long position in (ENA).

These conflicting moves reflect a market divided on strategy. While some whales are buying the dip—like El Salvador, which recently added 8 BTC to its reserves, bringing its total to 6,355.18 BTC—others are more cautious. BitMine, an Ethereum treasury, recently increased its ETH holdings by $1.5 billion, signaling faith in the asset's long-term prospects despite current volatility, as also noted by The Currency Analytics. Experts believe this behavior is consistent with past cycles, where sharp price swings lead to a split between speculative derivatives trading and long-term spot accumulation.

The "100% Win Rate" whale's current situation highlights the dangers of using high leverage in unpredictable markets. Although the loss has narrowed from a previous $5.77 million reported by

, the whale's risk exposure remains significant. If Bitcoin or Ethereum prices drop further, the whale could face margin calls or forced liquidations. On the other hand, if BTC climbs above $117,500 or ETH surpasses $4,100, the whale may recover losses and reinforce their reputation for successful trades.

As the crypto market stands at a crossroads, the decisions of whales like this "100% Win Rate" trader serve as a gauge for overall sentiment. Whether these positions will fuel more volatility or signal a period of stabilization is still uncertain, but one thing is certain: the contest for Bitcoin's next direction is still ongoing.