In the cryptocurrency market's bull market frenzy, high-leverage contract trading acts like a double-edged sword, capable of creating overnight wealth myths while also instantly consuming vast fortunes. Recently, several high-leverage rolling whales that have attracted market attention, including James Wynn, who once made a profit of $87 million, and contract trading whale AguilaTrades, all ended with massive losses, with AguilaTrades being liquidated again in the early morning, leaving only $30,000 in funds. These multi-million dollar liquidation events once again sound the alarm for the frenzied market: the bull market is not smooth sailing, and high-leverage players can easily become "fuel" in an upward trend.
- The "End of the Road" for High-Leverage Whales: Millions in Profit and Principal Turned to Ashes
James Wynn: From $87 million profit to a loss of $21.77 million
Once a high-leverage rolling whale, James Wynn had a floating profit of up to $87 million at the end of May. However, he not only gave back all his profits but also lost $21.77 million of his principal. At his peak in late May, he opened a massive $1.23 billion BTC long position on Hyperliquid, which ultimately ended in a disastrous defeat.
Insider whale qwatio: Liquidated with both principal and profit lost in one go
Insider whale qwatio used $3 million in principal to achieve a maximum profit of $26 million, but ultimately faced a liquidation that wiped out all profits and principal in an instant.
Contract trading whale AguilaTrades: Final loss of $37.6 million
Contract trading whale AguilaTrades was liquidated again at 2 AM, leaving only $30,000 in funds, with a final loss of up to $37.6 million.
These cases collectively reveal the extreme risks of high-leverage trading; even experienced whales can suffer devastating blows amid market volatility.
- Market Warning: Bull Markets Are Not Linear, High-Leverage Players Become "Fuel"
Advice from Yi Lihua: Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated on the X platform: "Every pullback in a bull market trend is an opportunity to increase positions, and there’s no need to worry about being trapped. However, never use high leverage. An upward trend cannot be a straight line. If BTC rises to $150,000, pulls back to $110,000, and then rises above $180,000, that is a very normal upward trend route. High-leverage players in between will become fuel; it’s better to focus on off-market income."
Bitcoin Price Temperature: CryptoQuant analyst Axel Adler Jr stated that although Bitcoin has reached a historical high, the Bitcoin Price Temperature (BPT) remains at a mid-high level of 2.56 (below the local peak of 3.57), indicating that it is currently in a "warm" range without obvious signs of overheating. The price remains above the four-year moving average and its +2σ, confirming a bullish trend. The main risk is the regular pullbacks in the upward trend, with "end signals" appearing when BPT accelerates above 3.0.
- Market Outlook: Stabilization After Pullbacks and Potential High Points
Stabilization after pullbacks: Former Ark Invest crypto head and current Placeholder VC partner Chris Burniske stated that the market is gradually stabilizing after this slight pullback.
Predictions for Mainstream Cryptocurrencies: Chris Burniske predicts the highest prices for mainstream cryptocurrencies in October as follows:
Bitcoin: $142,690;
Ethereum: $6,900 - $8,000;
SOL: $420.
Beware of Market Overheating: Chris Burniske also pointed out that the crazier the prices in August, September, and October, the more convinced he is that October will see a peak. If the market can quickly pull back significantly and remain sluggish, perhaps this bull market can last longer.
Conclusion:
The series of liquidations of high-leverage rolling whales once again sounds the alarm for the cryptocurrency market's frenzy. These multi-million dollar losses vividly illustrate the harsh reality that "bull markets are not linear, and high-leverage players become fuel." Although the overall market trend remains bullish, investors must learn from these lessons, maintain rationality, stay away from high-leverage speculation, and cautiously control risks to avoid becoming the next "fuel" harvested by the market.
Related Reading: Bitcoin (BTC) Rapidly Loses Gains After Hitting Historical High: Analysis of Reasons
Original: “High-Leverage Whales Suffer Liquidation, $87 Million Profit Vanishes Instantly”
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