Whale Long Position Expands to $296M in BTC and ETH Leveraged Trades

Can a single trader continue winning indefinitely in crypto's fickle universe? An anonymous Bitcoin whale who has an unblemished win rate in leveraged trades has again made the market waves.

Refered in online forums as the " 100% Win Rate Whale ," this trader has now increased their long position to almost $300 million, reports on-chain analyst Ai Auntie.

Source: X (formerly twitter)

Whale Long Position Crosses $296 Million

On October 26, the whale added 173.6 BTC to its position, bringing its overall BTC long position to 1,482.9 BTC, worth approximately $165m. In addition, it has an ETH long bet of approximately $132 million, giving it a total leveraged buy of about $296 million. Regardless of the market fluctuations, according to Lookonchain data, the address is now sitting on an unrealized profit of approximately $2.97m.

This giant bitcoin whale bet is in the wake of a series of aggressive strategic maneuvers. The trader's overall exposure was $274 million earlier in the week, but it temporarily fell into a floating loss as the prices moved. The whale's alternation between long and short positions betrays an intimate knowledge of market liquidity and timing.

Leveraged Trades and Risk Control

Interestingly, this trade activity is not unilateral. On October 25, it ramped up its BTC short exposure to 666 coins worth approximately $74.4 million—but now has $1.17 million in unrealized losses in that regard. Nonetheless, earlier in the month, it made more than $835,000 in profit out of a series of eight consecutive winning trades.

Experts have put the performance of the whale down to risk management discipline and quick response to volatility. Its approach appears measured, relying less on speculation and more on instantaneous liquidity data. However, experts are quick to remind that history does not repeat itself, especially in a market dominated by regulatory uncertainty and unpredictable macro events.

Ethereum Position Among Hyperliquid's Largest

The whale's ETH position is also unique. On October 24, it initiated a 5x leveraged ETH bet of $62.4 million, which is the second-largest ETH long in Hyperliquid . The average entry price of the buy is $3,862.37, and as of now, it makes $240,000, as per Lookonchain.

This indicates increased confidence in Ethereum's long-term trend despite short-term market trends being volatile.

What This Means for the Crypto Market

The increasing whale long position has raised debate among traders and analysts. Some are of the opinion that this may indicate institutional optimism towards Bitcoin and Ethereum's short-term appreciation. Others are careful to note how fast sentiment can turn in the markets. Others are prudent to observe how quickly sentiment can shift in the markets.

While the whale's success tale has motivated many, it also serves as a reminder of the unpredictable nature of crypto trading. With prices reacting to global economic news and policy updates, even the best track record can be put to test at the blink of an eye.

For now, the market eagerly waits and wonders if this move will keep its perfect streak or finally meet its fate.