King of the Hill to Fighting the Tide🥶 $200M Mood Swing in One Trade👇
This one hits a little harder when you slow down and really look at it.
Not long ago, this trader many know as 1011short, was sitting on more than $142 million in unrealized gains, riding the market with that unbelievable confidence. AND TODAY the tone has completely CHANGED. The red started creeping in, and suddenly, the PnL is staring back at him down over $64 million.
Somewhere in that slide, he finally trimmed. A portion of the $ETH longs got cut .. not because the conviction vanished, but because the losses were getting too heavy to ignore. Even the most patient hands have a limit, we guess.
What’s wild is that the core position is still very much alive.
He’s currently holding 188,086 ETH long, worth roughly $472M, built at much higher levels. ETH has since slid far below that entry, with liquidation sitting uncomfortably close around $2,261. Not immediate danger… but close enough that every small move feels loud.
It doesn’t stop there. $SOL is down. $BTC is bleeding slowly. And the funding fees.... well don't even ask....they just keep ticking, quietly stacking losses while price drifts sideways and down. That’s the part people forget ... in a bear tape, time itself works against you.
Over $577M still deployed, all pointed in one direction. Total unrealized losses now stretch past $133M, and ROE has sunk deep into the red. The kind of red that makes even veteran traders pause, exhale… and keep watching anyway.
OUR VIEW: Markets eventually humble everyone. Even the giants.
Anyways here is the wallet address:
0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
This one hits a little harder when you slow down and really look at it.
Not long ago, this trader many know as 1011short, was sitting on more than $142 million in unrealized gains, riding the market with that unbelievable confidence. AND TODAY the tone has completely CHANGED. The red started creeping in, and suddenly, the PnL is staring back at him down over $64 million.
Somewhere in that slide, he finally trimmed. A portion of the $ETH longs got cut .. not because the conviction vanished, but because the losses were getting too heavy to ignore. Even the most patient hands have a limit, we guess.
What’s wild is that the core position is still very much alive.
He’s currently holding 188,086 ETH long, worth roughly $472M, built at much higher levels. ETH has since slid far below that entry, with liquidation sitting uncomfortably close around $2,261. Not immediate danger… but close enough that every small move feels loud.
It doesn’t stop there. $SOL is down. $BTC is bleeding slowly. And the funding fees.... well don't even ask....they just keep ticking, quietly stacking losses while price drifts sideways and down. That’s the part people forget ... in a bear tape, time itself works against you.
Over $577M still deployed, all pointed in one direction. Total unrealized losses now stretch past $133M, and ROE has sunk deep into the red. The kind of red that makes even veteran traders pause, exhale… and keep watching anyway.
OUR VIEW: Markets eventually humble everyone. Even the giants.
Anyways here is the wallet address:
0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae