Ethereum News Today: Crypto's 'Unbeatable' Whale Loses $39M as Market Turns Bearish

A "100% Win Rate" crypto whale, previously known for consistently profitable trades, has liquidated its remaining long positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), incurring a loss of $39.37 million, according to an on-chain analytics firm HyperInsight in a LookOnChain report. The move follows a broader market selloff that saw over $1.1 billion in liquidations across major exchanges, with Ethereum turning negative for 2025 for the first time since early January, according to a BeInCrypto report.

The whale, identified by the address 0xc2a, had maintained a 100% success rate in 13 trades over 15 days since October 12, amassing $16.08 million in profits, as reported by LookOnChain. However, recent aggressive position reallocations—including closing BTC and ETH longs and adding to SOL—led to a reversal of fortune. On October 30, the whale liquidated $250 million in BTC longs and $180 million in ETH longs, shifting to a loss position. By November 4, it had reopened BTC and ETH longs worth $318 million, but the market's continued decline forced a final exit, per LookOnChain.

The broader crypto market has been in turmoil, with Ethereum dropping below $3,400—a key psychological level—and Bitcoin nearing $100,000 for the first time since June 23, a trend noted by BeInCrypto. Over 303,000 traders were liquidated in 24 hours, with $287 million in long positions wiped out in a single hour. High-leverage traders bore the brunt of the collapse, as exchanges saw $300 million in liquidations within a single hour, the BeInCrypto coverage added.

The "100% Win Rate" whale's exit contrasts with the activities of "Abraxas Capital," another major player that has aggressively shorted BTC, ETH, and SOL. The latter has increased its short positions from $480 million to $760 million over three days, betting heavily on further declines, according to LookOnChain. Meanwhile, on-chain analysts noted increased whale activity across the market, with some taking profits in altcoins like Solana and BNB, as described in a Markets.com update.

The liquidations have exacerbated bearish sentiment, with the Relative Strength Index (RSI) for both BTC and ETH nearing oversold territory. Analysts warn that the synchronized selloff could deepen if institutional selling pressure intensifies or macroeconomic factors, such as interest rate uncertainty, weigh on risk assets, a concern also raised by BeInCrypto.