Ethereum News Update: Unbroken Winning Run Ends as Whale Faces $19M Loss on $64M BTC/ETH Wager

The "Cool-headed Whale," a prominent figure in the crypto trading world recognized for maintaining a flawless win record since October 11, has adjusted its approach after locking in profits from short-term trades. As reported by

, this whale has recently scaled back its long holdings in (ETH) and (SOL), selling off 9,000 and contracts in just 10 minutes, with additional reductions continuing. This adjustment comes as the whale shifts from short-term trades to a longer-term investment in (BTC) and ETH, holding a combined position worth nearly $64 million, according to .

Despite this strategic change, the whale's portfolio has encountered setbacks. At the time of reporting, its long positions are showing an unrealized loss of $19.63 million, with total exposure across all assets reaching $116 million, based on Bitget's analysis. This represents a turnaround from earlier profits: Lookonchain data shows the whale previously turned a $33 million gain into a $17.6 million loss after partially liquidating ETH and SOL holdings, as detailed by Odaily News. These losses have occurred alongside increased market turbulence, with both Bitcoin and Ethereum experiencing steep drops, and

momentarily falling below $99,000.

The whale's recent moves mirror a broader pattern of both institutional and retail investors adjusting their strategies amid tighter liquidity and evolving market sentiment. Experts point out that the whale's streak of consecutive wins, which lasted for months, has now been broken, suggesting increased uncertainty in a market that had been seeing steady inflows into Solana spot ETFs, according to Odaily News. At the same time, the whale's significant long positions in BTC and ETH indicate optimism for a short-term recovery, though the market still faces risks from widespread sell-offs and rising fear levels.

Given the whale's history of impacting price trends, market participants are paying close attention to its next steps. The recent shift from profit-taking to losses underscores the difficulties of maneuvering through a crypto market characterized by swift changes in liquidity and investor mood. With Bitcoin's 24-hour drop narrowing to 4.63% at 102,000 USDT, the whale's ongoing strategy may shed light on whether the current bull run is merely correcting or entering a more prolonged decline.