Crypto whale executed 14 successful trades, losing $44 million, and now bets on Ethereum's decline with $28 million
The crypto whale, known as Oxc2a3, suffered a loss of $44.67 million after being fully liquidated.
The trader began his journey on October 14, achieving 14 consecutive profitable trades on the Hyperliquid platform, with a perfect 100% win rate since the start of his journey on October 14, increasing his profits to $25.34 million by October 28, while expanding his positions to a total value of about $447 million.
However, after high leverage and the sudden correction that hit the market the following week, the trader lost control of his massive positions, leading to the complete liquidation of his account, leaving him with a margin balance of no more than $1.4 million.
The whale did not give up on the loss. Instead, he immediately turned to the bearish trend, in a new trade where he used a leverage of 25 times, including 8,562.84 Ethereum units, with a total value of approximately $28.3 million, in a massive bet on the decline of the second largest cryptocurrency.
Source: Lookonchain.
