Ah, the crypto market-a tempestuous mistress, as fickle as a Moscow winter and as unpredictable as a cat in a room full of rocking chairs. In the span of 24 hours, the digital bazaar has shed 4% of its grandeur, leaving behind a trail of tears and liquidated dreams. Over $1.3 billion in long positions have been swept away like so much dust in a sorcerer’s lair. 🧙♂️✨
Yet, amidst this financial carnage, one cunning whale has emerged unscathed-nay, enriched! With short bets that would make even Woland proud, this crypto Mephistopheles now basks in over $36 million in unrealized gains. Truly, the devil is in the details. 😈
The Great Crypto Bloodletting: $1 Billion Vanishes Like a Cowardly Clerk
October, that crimson-hued harbinger of doom, has given way to November, but the grim reaper’s scythe still swings. The market, once a proud stallion, now limps like a wounded dog. BeInCrypto Markets data reveals a 4% decline in market cap, with Solana (SOL) leading the charge into the abyss with a 9.28% plunge. 🕳️
Bitcoin (BTC), once the golden calf of the digital age, has fallen to $103,687, a 3.52% drop. Ethereum (ETH), that fickle siren, has slipped 6.13% to $3,482. The air is thick with despair, and the only sound is the wailing of liquidated traders. 🎻
Coinglass reports that 336,622 traders have been sacrificed to the gods of leverage, with $1.37 billion in positions wiped out. Of this, $1.22 billion came from long positions-a testament to the folly of optimism in a world ruled by chaos. HTX exchange crowned the tragedy with a $47.87 million Bitcoin-USDT liquidation. 🏆💔
Bitcoin and Ethereum led the massacre, with $406.94 million and $356.34 million liquidated, respectively. Even the memecoins-DOGE, PEPE-were not spared. As Quinten Francois so eloquently put it, “Crypto is basically an abusive relationship we keep going back to.” 🥊💔
“Months of boredom, 3 days of euphoria, biggest liquidation event in history, sideways misery, depression and more pain. Crypto is basically an abusive relationship we keep going back to,” analyst Quinten Francois stated.
The Anti-CZ Whale: A Master of Chaos and Profit
While the masses weep, one whale-dubbed the “Anti-CZ Whale”-has turned chaos into a golden opportunity. Shorting cryptocurrencies on Hyperliquid, this financial sorcerer has amassed unrealized gains of over $36 million. Across ASTER, DOGE, ETH, XRP, and PEPE, his wallets have achieved a 100% win rate. 🧙♂️💼
“His total profit on Hyperliquid is now close to $100 million,” Lookonchain added, with the air of a chronicler documenting the rise of a new tsar.
This is not his first rodeo. In early October, he pocketed $18.5 million from short positions. Truly, he is the Woland of the crypto world, a master manipulator of fate and fortune. 🎩🎭
The contrast between his gains and the retail losses is a stark reminder of crypto’s brutal nature. As the market staggers forward, one thing is clear: volatility is the only constant. Whether November brings stability or further chaos remains to be seen, but for now, the whale laughs-and the rest of us? We merely watch and wonder. 🤡🌪️
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2025-11-04 15:25