Bitcoin News Today: Mysterious Whale's $274M Stake Turns Loss as Bitcoin Battles $117K Resistance

A mysterious crypto whale known for its "100% Win Rate" has seen its long positions in Bitcoin and Ethereum surge to $274 million, though the portfolio now carries an unrealized loss of $384,000. According to on-chain analyst Ai Auntie, the whale holds 1,309.31 BTC (worth $144 million) and 33,270.78 ETH (worth $129 million), with entry prices set at $110,592.3 for Bitcoin and $3,897.59 for Ethereum. The total exposure has shifted from profit to loss, with 64.95 BTC in pending orders remaining unfilled.

The whale's activities come amid broader market turbulence, as Bitcoin hovers near critical support levels. On the weekly chart, BTC has stabilized above $103,000 after a sharp decline in mid-October, currently trading around $111,200. Analysts note that buyers are defending the 50-week moving average, a key support line during the current bull phase; however, Bitcoin remains constrained by $117,500 resistance, a level that has repeatedly capped rallies since mid-2025. A break above this threshold could trigger a surge toward $125,000–$130,000, while a close below $106,000 would signal deeper corrections, according to a TradingView analysis.

The whale's position reflects a broader trend of strategic repositioning among crypto whales. In recent weeks, large players have alternated between high-leverage longs and shorts, capitalizing on October's volatility. One whale, for example, deposited $30 million in USDC into Hyperliquid and opened a 10x short on 700 BTC, generating a $455,000 unrealized profit, according to The Currency Analytics. Meanwhile, others have shifted to defensive stances, such as Andrew Kang-linked wallets that opened $68 million in short positions while retaining a long bet on Ethena (ENA).

The market's mixed signals highlight diverging strategies. While some whales are aggressively buying dips—such as El Salvador's recent 8 BTC purchase, bringing its total holdings to 6,355.18 BTC—others remain cautious. Ethereum treasury firm BitMine added $1.5 billion in ETH to its reserves, signaling long-term confidence despite short-term turbulence, a point also raised in the Currency Analytics piece. Analysts suggest this behavior mirrors historical patterns where volatility sparks a split between speculative derivatives trading and spot market accumulation.

The "100% Win Rate" whale's current predicament underscores the risks of high-leverage positions in a volatile market. Despite a narrowing loss compared to earlier reports of $5.77 million from Bitget, the whale's exposure remains substantial. If Bitcoin or Ethereum experiences further downward pressure, the position could face margin calls or forced liquidations. Conversely, a sustained rebound above $117,500 for BTC or $4,100 for ETH might allow the whale to recoup losses and reinforce its reputation for consistent gains.

As the crypto market navigates this inflection point, the actions of whales like the "100% Win Rate" investor provide a barometer for sentiment. Whether these positions will drive further volatility or signal a stabilizing trend remains to be seen, but one thing is clear: the battle for control of Bitcoin's next move is far from over.