The cryptocurrency world is making big moves again. A whale account that has been dormant for 8 years has recently surfaced. This veteran holder, who possesses 50,000 BTC, immediately sparked market division: the bullish camp advocates for BTC to surge to $106,000 and ETH to reach $4,500, while the bearish camp simply claims that current calls are just for self-rescue.
Who is this whale? Experienced crypto insiders should have heard of it — its trading record is considered textbook-level. Previously, data showed that every major move by this player occurred at critical points. Whether it was policy shifts or market sentiment turning points, changes in its holdings often revealed clues. Before the market crash on October 11, it had opened $500 million in short positions hours in advance, ultimately earning nearly $100 million. Its market control ability is indeed top-notch.
But the most interesting part is that even such an expert can get caught off guard. Recently, this whale’s holdings were exposed — it had previously accumulated ETH and SOL at low levels, but the market turned downward, causing prices to fall below its cost basis. Unrealized losses have piled up to $78.3 million, serving as a textbook example of "chasing high and getting trapped." These bullish calls seem somewhat like a form of self-rescue.
However, there is a detail worth pondering: the operation logic of large holders is never simple. Every step they take is based on deep market insights, and their calls are often backed by real chips. The key is, information is just information; managing one's own wallet risk is still up to oneself. Market sentiment can swing, and even big players can get caught. Therefore, trusting data more than stories is the secret to surviving longer in the crypto space.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
NftBankruptcyClub
· 19h ago
Haha, this old guy also had a crash, it seems no one can guarantee a win
---
78.3 million floating loss... still dare to call for a rally, there should be some caution
---
Chasing high and getting trapped, what does this mean? It just shows that no one can see through
---
Information is information, but you bear the risk yourself. This phrase is spot on
---
5 million BTC shaking out chips, the entire market is trembling, it's too competitive
---
So, you still need to look at the data, listen less to stories. We got fooled again this time
---
You can earn 100 million or lose 78.3 million, this is the crypto world
---
I already said that big players' calls are purposeful; if they are bullish, think in the opposite direction
---
No matter how they try to save themselves, protecting our own principal is the most important
View OriginalReply0
ColdWalletAnxiety
· 19h ago
78.3 million unrealized loss, still have the nerve to call out? This is the crypto world, haha.
View OriginalReply0
HalfBuddhaMoney
· 19h ago
Wow, a floating loss of 78.3 million USD and still shouting bullish here, truly a sense of despair.
View OriginalReply0
SeasonedInvestor
· 19h ago
Haha, coming to shake out us retail investors again? 50,000 Bitcoins can be dumped just like that, and we common folks can only follow the trend and buy the dip.
Both bullish and bearish views are just tricks; the key is how many bullets are left in your account.
It's quite satisfying to see big players get wrecked. A loss of 78.3 million is definitely a self-rescue call; don't be fooled by that kind of rhetoric.
It really makes me think, we should just focus on reading K-line charts to stay grounded. Those who believe in stories are all lying in hospitals.
This wave of market movement feels like it will repeatedly shake out traders. I'm holding my coins and observing for now.
View OriginalReply0
NeonCollector
· 19h ago
78.3 million unrealized loss can still confidently call for a buy, this mentality is unmatched... Really just want to pump the market for self-rescue.
The cryptocurrency world is making big moves again. A whale account that has been dormant for 8 years has recently surfaced. This veteran holder, who possesses 50,000 BTC, immediately sparked market division: the bullish camp advocates for BTC to surge to $106,000 and ETH to reach $4,500, while the bearish camp simply claims that current calls are just for self-rescue.
Who is this whale? Experienced crypto insiders should have heard of it — its trading record is considered textbook-level. Previously, data showed that every major move by this player occurred at critical points. Whether it was policy shifts or market sentiment turning points, changes in its holdings often revealed clues. Before the market crash on October 11, it had opened $500 million in short positions hours in advance, ultimately earning nearly $100 million. Its market control ability is indeed top-notch.
But the most interesting part is that even such an expert can get caught off guard. Recently, this whale’s holdings were exposed — it had previously accumulated ETH and SOL at low levels, but the market turned downward, causing prices to fall below its cost basis. Unrealized losses have piled up to $78.3 million, serving as a textbook example of "chasing high and getting trapped." These bullish calls seem somewhat like a form of self-rescue.
However, there is a detail worth pondering: the operation logic of large holders is never simple. Every step they take is based on deep market insights, and their calls are often backed by real chips. The key is, information is just information; managing one's own wallet risk is still up to oneself. Market sentiment can swing, and even big players can get caught. Therefore, trusting data more than stories is the secret to surviving longer in the crypto space.