Ethereum News Today: Whale's $3.6M Gains From BTC and ETH Bets, But SOL Loses

A high-profile cryptocurrency whale known as the "100% Win Rate Whale" (0xc2a) has captured market attention after its leveraged long positions generated over $3.6 million in unrealized gains, despite earlier setbacks. The account, which has maintained a 14-game winning streak since October 14, has strategically deployed significant leveraged bets across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), reflecting a bold approach to market volatility, according to a Lookonchain report.

The whale's portfolio includes a $1.11 billion 13x leveraged long position in BTC, entered at $110,123.0, and a $1.47 billion 10x leveraged ETH position with an entry price of $3,845.33. However, these positions initially faced $11.4 million in total unrealized losses as of October 31, Lookonchain reported. A subsequent market rebound reversed the trend, with the account briefly converting losses into gains on October 30. At that point, the BTC position showed a $683,900 unrealized loss, while the ETH position had a $119,200 loss, and the SOL position carried a $4.32 million loss, according to a Lookonchain post.

The turning point came as the market rebounded, allowing the whale to secure a $320 million portfolio value, according to a Lookonchain update. The BTC position now reflects a $1.46 million unrealized profit, the ETH position a $1.6 million gain, and the SOL position a $1.4 million loss. This shift underscores the whale's ability to capitalize on short-term market swings, leveraging high-multiple exposure to amplify returns.

The whale's strategy highlights the risks and rewards of leveraged trading in a volatile market. While BTC and ETH positions have benefited from the rebound, the SOL position remains a drag, illustrating cross-asset risk dynamics, according to a Coinotag article. Analysts note that such aggressive leverage requires precise timing and risk management, particularly in a landscape where liquidity shifts can rapidly alter positions.

The whale's activities also raise questions about broader market sentiment. The account's 15,000 ETH limit order at $3,800—valued at $57 million—remains pending, suggesting the whale is positioning for further strategic moves, as Lookonchain later noted. Meanwhile, the market's ability to absorb leveraged bets without triggering cascading liquidations points to improved liquidity conditions compared to earlier in the year.