Crypto Market Suffers $1.3 Billion in Liquidations — But One Whale Beats the Crash

The cryptocurrency market experienced significant turbulence, with the total market capitalization declining by 4% in 24 hours, leading to over $1.37 billion in liquidations, predominantly from long positions. Bitcoin fell to $103,687, and Ethereum dropped to $3,482, with Solana seeing the largest loss among top coins at 9.28%. Bitcoin and Ethereum accounted for the largest portions of the liquidations. In contrast to the widespread losses, one trader, identified as an "Anti-CZ Whale," successfully profited by shorting cryptocurrencies like ASTER, DOGE, ETH, XRP, and PEPE on the Hyperliquid platform, accumulating over $36 million in unrealized gains across two wallets. This trader previously earned over $18.5 million from short positions during the early October downturn, highlighting the high risk of leveraged trading amidst crypto's volatility.

(Source：BeInCrypto)