Whale Bounces Back After Massive Loss
A high-profile crypto whale, previously known for aggressive market moves, has reemerged after suffering a staggering $16.14 million loss. The trader had fully exited long positions in Ethereum (ETH), Bitcoin (BTC), and Solana (SOL), then attempted a short squeeze that backfired as the market rallied, forcing an exit at a significant deficit.
Shifting to High-Leverage Longs on Key Assets
But the story doesn’t end there. In a swift reversal, the whale has now pivoted to an aggressive long-biased strategy. Fresh data reveals new 15x leveraged long positions in ETH and 20x leveraged longs in BTC—clear signals of confidence in a near-term price rebound for major cryptocurrencies.
Complex Positioning with Mixed Exposure
What stands out is the nuanced structure of the current portfolio. Alongside the new longs, the trader maintains a 10x leveraged long on Dogecoin (DOGE) and a 5x leveraged short on Dash (DASH). The total exposure now approaches $60 million, indicating a sophisticated, multi-directional approach rather than blind bullishness.
- Opened 20x leveraged BTC long
- Added 15x leveraged ETH long
- Holding 10x leveraged DOGE long
- Maintaining 5x leveraged DASH short
These moves come amid heightened market volatility and could reflect a broader recalibration among large players. Despite the recent setback, the whale’s ability to adapt and deploy massive capital underscores the dynamic nature of crypto trading at the highest level.