Smart trader 0xe813's 100% win streak ends: $7.3M loss on $ETH long wipes out $6.32M gains

According to market data, an unusually large transaction on Binance's Bitcoin USDT futures contract occurred at 13:56, with 10,296 Bitcoin traded in a short time, totaling $698 million in volume, likely a liquidation by a futures whale.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale address (0x4ce…ee4a7) has again purchased ETH worth $19.91 million. Since September 21, the whale has withdrawn a total of 25,498.47 ETH from Binance, valued at $60.74 million, with an average withdrawal price of $2,382.26, and currently holds an unrealized loss of $11.34 million. The over $3.66 million profit generated from its previous suspected buy-low, sell-high operation has been fully wiped out.

Analyst Darkfost, using the power-law quantile regression model, points out that Bitcoin has broken below a key support level, with market panic spreading rapidly. This stands in stark contrast to the profit-dominated market environment seen just a few weeks ago. Currently, Bitcoin has reached an extreme level of undervaluation; over its entire historical cycle, it has only stayed in this range roughly 3.4% of the time. Darkfost believes that instead of fearing the current market situation, investors should learn to capitalize on these extreme moments. In the long run, the strategy of buying the dip during such extreme undervaluation periods has consistently proven effective. When panic pushes valuations to their limits, it often creates strong long-term positioning opportunities.

According to HTX market data, Bitcoin has extended its downward movement today, hitting a temporary low of $67,568 in a sudden flash dip before quickly bouncing back to recoup some losses. It is now trading at $68,800, with a 1.84% rebound over the past 30 minutes, while its 24-hour decline has narrowed to 6.52%.

According to OnchainLens monitoring, three large crypto whales hold a combined BTC short position worth approximately $19.66 million on Hyperliquid, with leverage ranging from 10x to 25x. One of them has a historical cumulative loss of around $24.86 million, while another has a historical cumulative profit of about $17.08 million.

According to Coinglass data, the global crypto market recorded $955 million in liquidations over the past four hours, including $870 million in long positions and $84.63 million in short positions. Over the past 24 hours, 183,302 traders were liquidated, with total liquidation volume hitting $1.623 billion. The largest single liquidation order occurred on Hyperliquid for BTC-USD, valued at $31.09 million.