Big whale recovers after losing $16.14 million; can the new bullish attack turn losses into profits?

In mid-month, a “whale” experienced a painful lesson in the crypto market—its sale of 255 BTC resulted in a total loss of up to $16.14 million due to poor timing. According to on-chain data tracking from Onchain Lens, this massive loss completely wiped out the whale’s long positions in ETH, BTC, and SOL.

The previous sale of 255 BTC resulted in a $16.14 million loss

This whale’s decision to sell 255 BTC, once a major move in the crypto market, now appears to be a mistake. Amid market volatility, the whale ultimately paid a price of $16.14 million. Moreover, long positions in other cryptocurrencies also suffered, with long positions in ETH, BTC, and SOL being completely liquidated during this adjustment.

After the huge loss, a counterattack with a heavy punch: a new round of leveraged longs re-enter the market

Interestingly, this whale was not defeated by the $16.14 million loss. Recently, it quietly shifted strategy and launched a new long attack. According to the latest data, this whale has opened 15x ETH longs and 20x BTC longs, while also holding 10x DOGE long positions and 5x DASH short positions.

This series of aggressive leveraged operations has brought the whale’s total holdings to approximately $60 million, covering major cryptocurrencies such as BTC (currently $88.01K), ETH (currently $2.95K), SOL (currently $123.25), DOGE (currently $0.12), and DASH (currently $56.59).

It can be seen that this whale has adopted a comprehensive layout using high leverage. Whether it can turn around the $16.14 million loss in this round has become a market focus. However, it should be noted that high leverage, while capable of amplifying gains, also magnifies risks—if the market fluctuates again, the previous lesson of loss may be repeated.