As the market still hopes for the continuation of the "100% win rate myth," the smart whales have begun to actively retract their positions, securing some profits safely.
1. Full Record of Position Changes: From Aggressive to Conservative Tactical Shift
On October 29, 2025, the cryptocurrency market witnessed a key strategic adjustment. According to real-time monitoring by HyperInsight, a well-known whale address that previously maintained a "100% win rate" (0xc2a…5f2) decisively closed its 13x leveraged BTC long position today after achieving profits in 14 consecutive trades.
Table 1: Key Operations Timeline of the Whale in October
Date
Operation
Position Value
Profit and Loss Status
October 15
Started large short positions on BTC
Not disclosed
Not disclosed
October 16
Reversed direction to establish BTC long
Not disclosed
Not disclosed
October 17-21
Continued to increase positions in BTC and ETH
Not disclosed
Not disclosed
October 22
Closed all long positions
Not disclosed
Profit of $6.04 million
October 22-23
Turned to short BTC
Not disclosed
Not disclosed
October 24
Closed all long positions
Not disclosed
Profit of $1.774 million
October 26
Continued to increase positions
Total long position nearly $300 million
Not disclosed
October 28
Increased position by 41.68 BTC
$237 million
Not disclosed
October 29
Closed BTC long position
$250.7 million
Profit of $1.4 million
Source: Compiled by AiCoin
The timing of this operation is quite significant. According to AiCoin data, within 24 hours before closing, the floating profit of this position had reached as high as $14 million, but the whale chose to exit decisively when the profit retraced to $1.4 million, demonstrating its strict risk control discipline.
Table 2: Current Position Status of the Whale (as of October 29)
Asset
Leverage Ratio
Position Value
Opening Average Price
Current Status
Profit and Loss Status
BTC
13x
$250.7 million
Not disclosed
Closed
Profit of $1.4 million
ETH
10x
$189 million
$3,965.94
Held
Floating profit of $240,000
SOL
10x
$74.19 million
$198.3751
Held
Floating loss of $1.71 million
It is noteworthy that although the BTC long position has been closed, the whale shows a completely different attitude towards its altcoin positions. The ETH long position, despite a significant retracement from its peak, remains profitable; while the SOL long position, despite a floating loss of $1.71 million, is still retained. This "selective holding" reflects the whale's differentiated investment logic and time frame for different types of digital assets.
2. Ripple Effect: Market Ripples Triggered by Whale Position Adjustments
1. The Dilemma and Real Lessons for Retail Traders
● The whale's "myth" attracts a large number of retail traders to follow suit, but the reality is full of contrasts. On-chain analyst Ai Yi (@ai_9684xtpa) recently showed a dramatic comparison: on one hand, a trader who followed the whale closed their position within less than 24 hours, incurring a cumulative loss of up to $1.061 million; on the other hand, a "counterparty" address targeting the whale's operations achieved a floating profit of up to $2.68 million through precise reverse shorting during the same period.
2. Short-term Test of Exchange Liquidity
● The whale's $250 million level position closure poses a direct test to the liquidity of exchanges. According to DeFillama data, during the execution of the closing operation, the bid-ask spread of the BTC/USDT trading pair on major exchanges temporarily widened to more than three times the normal market conditions.
● "Such a scale of position adjustment will trigger temporary price fluctuations even in the best-depth exchanges," the HyperInsight research team analyzed in their morning report, "If the whale subsequently conducts similar operations on its held ETH and SOL positions, it may trigger cross-asset resonance decline risks."
3. High-Leverage Strategies Under Market Reassessment
● The fading glow of the "100% win rate" label has led the market to reassess the rationality of high-leverage trading. On one hand, the whale's operation of amplifying profits through 13x leverage is seen as a "myth"; on the other hand, once the market experiences reverse fluctuations, high leverage can also accelerate the accumulation of floating losses.
3. How Do Market Participants Interpret This Position Adjustment?
• On-chain Analyst "Ai Yi"
"The whale has the advantage of capital scale and lower opening costs, which ordinary investors cannot replicate." Ai Yi pointed out, "When retail traders discover the whale's position through on-chain monitoring, they often miss the best entry point, which determines the inherent disadvantage of following."
• HyperInsight Research Team
"The whale's position adjustment reflects its concerns about short-term market volatility, but retaining ETH and SOL positions indicates that the medium to long-term bullish logic remains unchanged. We believe this operation should be interpreted more as a tactical adjustment rather than a strategic shift. Market participants need to pay more attention to macro policies and liquidity changes, rather than over-interpreting the actions of a single individual."
• AiCoin Perspective
"'100% win rate' is a narrative label under specific market conditions, and the current floating losses of some positions reveal the fragility of high-leverage strategies. Investors should prioritize position management rather than blindly following myths. It is worth noting that even this whale, known as the 'ever-victorious general,' has adopted a strategy of diversified investment (BTC, ETH, SOL) and partial profit-taking, which is worth emulating for all investors."
4. Risk Warnings: Signals Investors Need to Be Aware Of
1. Potential Risks of Chain Liquidation of Positions
● The whale and a large number of followers still hold a considerable scale of high-leverage long positions, which may trigger the forced liquidation mechanism of exchanges if the market experiences further declines.
● The whale's SOL position (floating loss of $1.71 million) is facing severe tests. Its liquidation line is perilously close at $178, like a sword hanging overhead—the SOL price only needs to drop about 6% to reach the liquidation point. Investors must be vigilant about the risk of chain liquidations and closely monitor the support strength of ETH at $3,800 and the SOL range of $185 to $178.
2. Time Lag Trap of Information Asymmetry
● Retail traders often face a natural time lag when obtaining information about whale operations through on-chain monitoring, which often leads them to enter positions at relatively high points. The losses incurred by some followers this time are a clear example—when retail traders see the whale building positions, the best entry time has already passed.
● On-chain data should be a tool for analyzing the market, not the sole basis for investment decisions. Blindly following 'whale' operations without understanding the underlying logic can easily lead to becoming the market's 'bag holder.'
5. How Will Market Trends Change?
● Everyone's attention is focused on a key question: Will this whale continue to increase its positions in ETH and SOL, injecting a strong boost into the altcoin market, or choose to further close positions, triggering broader risk-averse sentiment? This uncertainty itself has become an important variable affecting short-term market sentiment.
● While taking profits on BTC long positions, it chooses to retain ETH and SOL positions—even though the latter is currently at a floating loss. This operation of "keeping the lean while shedding the fat" rather than a "full retreat" suggests that its underlying logic for being bullish on cryptocurrencies has not wavered, and the current adjustment leans more towards tactical risk control rather than a strategic directional shift.
● For ordinary investors, the era of blindly following has perhaps passed. How to remain calm during market euphoria, how to manage risks through diversified asset allocation, and how to decisively take profits even when floating profits retract—these risk control disciplines and asset allocation wisdom are the true moats for navigating market cycles.
As the market enters a new round of volatility cycles, this whale's position adjustment may become an opportunity for investors to reassess their own risk preferences. In the high-volatility cryptocurrency market, survival is more important than short-term profits—this may be the deepest insight the "100% win rate whale" offers us.
Join our community to discuss and grow stronger together!
Official Telegram community: https://t.me/aicoincn
AiCoin Chinese Twitter: https://x.com/AiCoinzh
OKX Benefits Group: https://aicoin.com/link/chat?cid=l61eM4owQ
Binance Benefits Group: https://aicoin.com/link/chat?cid=ynr7d1P6Z
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
