Whale Loses Big: $61 Million Vanishes as Ethereum and XRP Longs Collapse

Jakarta, Pintu News – A notorious crypto whale dubbed the “Anti-CZ Whale” took a huge loss in a short period of time, losing more than $61 million in potential profits in just the last 10 days. Massive long positions in Ethereum (ETH) and XRP backfired after the market experienced a sharp correction.

Market Plummets, Whale Misses Out

According to a report from Lookonchain, the whale who previously made almost $100 million in unrealized profits on the Hyperliquid platform is now left with only about $38.4 million. The sharp correction in the crypto market hit his large long positions, especially in ETH and XRP.

This Whale caught the attention of the community for his aggressive short opening shortly after CZ (Changpeng Zhao) bought the ASTER project – a strategy that was initially successful before being reversed by the extreme volatility of the current market.

Also Read: 4 Bitcoin Indicators that Triggered the Market Rally Reappear!

Ethereum on the Edge of a Technical Cliff

Currently, Ethereum is eyeing important weekly support in the $2,680 area, after being strongly rejected from the $4,500 zone. ETH is now below its 50-week moving average, and clinging to its 100-week moving average, a historical point that is often a bellwether for market direction.

Trading volumes rose dramatically during this drop, signaling forced selling and market panic. If the $2,650 support is broken, ETH risks dropping to the $2,300-$2,400 zone, which was previously an important accumulation area.

However, there is a glimmer of hope: the current area also reflects historical oversold conditions – similar to mid-2022 and late 2023 – which were once market turning points.

What does it mean for the Market?

The heavy losses of experienced traders like “Anti-CZ Whale” reflect the high market pressure on major assets. Although the potential for a rebound remains, uncertainty and forced liquidations show that fear and volatility still dominate.

Investors should prepare for the possibility of further downside, but also be wary of a potential technical bounce if weekly support holds.

Also Read: 5 Shocking Facts: This US Congressman Secretly Bought IDR 41 Billion in Bitcoin!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ – Anti-CZ Whale Losses and Their Impact on the Crypto Market

Q1: Who is the Anti-CZ Whale?
A1: A nickname for an anonymous crypto whale who is known for taking positions against the investment actions of Changpeng Zhao (CZ), the former CEO of Binance.

Q2: How much did this whale lose?
A2: More than $61 million in unrealized profits were lost in less than two weeks, due to the collapse of Ethereum and XRP prices.

Q3: What happened to his ETH and XRP positions?
A3: Large-scale long positions were hit by the market correction, triggering significant losses as investor confidence declined.

Q4: What are the important support levels for Ethereum right now?
A4: $2,650 is a key weekly technical support. If this level is broken, ETH could drop to $2,300-$2,400.

Q5: Will the market recover in the near future?
A5: Not sure yet. While there is a chance of a technical rebound, market sentiment is still very fragile, with selling pressure and liquidation remaining high.

Reference:
NewsBTC – Anti-CZ Whale Loses Big: $61M in Profits Wiped Out As Ethereum and XRP Longs Collapse. Accessed November 22, 2025.