The crypto market capitalization has just surged. WatcherGuru data shows an additional $190 billion flowing in over the past 24 hours. This surge in capital inflow comes amid a market rally, a direct response to a meeting held between Trump’s White House and a lineup of crypto industry executives.
However, amid this wave of new money, the movement of a single wallet has drawn intense scrutiny due to its highly precise timing in entering the market.
A Precise $45 Million Bet Before the Price Surge
On-chain data tracker @lookonchain detected a silent maneuver from a crypto wallet. This wallet was created just 13 hours ago and immediately deposited 20 million USDC into the decentralized exchange platform Hyperliquid.
The wallet owner did not just park their funds. They immediately executed a buy or long position on Ethereum with 4x leverage for an order of 20,000 ETH.
The total value of this bullish bet surpassed $45.38 million.
Shortly after this whale placed their position in the market, the price of ETH began to climb sharply in line with the broader market trend. This bold decision paid off immediately. Thanks to the favorable price movement, the long position is currently sitting on an unrealized profit of $6.66 million.
Wiping Out Hundreds of Thousands of Traders
The millions of dollars in profits pocketed by this single player stand in stark contrast to the fate of most day traders. The sudden rally that pumped $190 billion into the market did not benefit everyone; instead, it wiped out those who were positioned on the wrong side of the market.
Losses over the past 24 hours have hit historic levels. A total of 174,350 traders saw their positions hit their thresholds and get forcibly liquidated. The total funds wiped out in this mass liquidation reached $2.98 billion.
The scale of the losses suffered by these traders places the liquidation wave of the last 24 hours in the top 8 largest liquidation events in crypto trading history.
A single political meeting sparked a price rally, a single whale pocketed millions from a well-timed position, and over a hundred thousand traders suffered total losses of nearly $3 billion.
Reported by @lookonchain on X.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
