$230 million long giant whale successfully reverses position, turning a floating loss of $74 million into a floating profit of over $100 million

According to the latest news, a key bullish whale has successfully achieved a dramatic turnaround during the recent market rebound. This whale initially opened a long position worth $230 million, once facing a floating loss of $74 million. Now, it has turned losses into gains, with the current floating profit on the long position reaching $26.82 million, and the rebound profit exceeding $100 million. This is not only a personal successful bottom-fishing but also reflects the current market’s gathering of bullish forces and the establishment of a bottoming characteristic.

Specific Composition of the Whale’s Turnaround

The whale’s total current position market value reaches $825 million, employing approximately 3.2x leverage. Its holdings are mainly concentrated in three leading assets:

From the composition, this whale mainly bets on Ethereum, with ETH floating profit accounting for over 78% of the total floating profit. This concentration reflects strong market optimism for ETH’s rebound.

Significance of Market Bottom Signals

This turnaround is not an isolated event. According to relevant market data, several whales have recently shifted from floating losses to floating profits, especially after ETH price reached $3,200. There are several important backgrounds behind this:

Signal of Continuous Accumulation by Whales

According to the latest reports, whales holding between 10 and 10,000 BTC and shark addresses have accumulated a total of 56,227 BTC since December 17. This active accumulation behavior usually indicates the establishment of a local market bottom. Whales speak with real money and actions, which are more convincing than any technical analysis.

Improvement in Market Structure

Although the overall market performance has been relatively flat, whale accumulation has brought about bullish divergence, ultimately leading to a slight breakout. Notably, retail traders have started taking profits in the past 24 hours, which further improves the market structure. The market has now entered a “green zone,” and the probability of the total cryptocurrency market cap continuing to grow is higher than usual.

Personal Views and Follow-up Focus

From this whale’s turnaround case, my observation is: bullish forces have already accumulated sufficiently at the market bottom. This is not only reflected in the success of a single whale bottom-fishing but also in multiple institutional-level whales simultaneously deploying long positions. Their willingness to withstand a floating loss of $74 million and hold their positions indicates a high confidence in the market rebound.

It is worth noting that these whales each hold positions above $800 million, meaning their every move can significantly impact the market. If they continue to increase their holdings or keep positions unchanged, the rebound may have more room; conversely, if signs of reducing positions appear, caution is advised.

Summary

The successful turnaround of this $230 million long whale confirms that the market has already found its bottom. From a floating loss of $74 million to a rebound profit exceeding $100 million, this is not just a numerical change but a true reflection of market psychology shifting from extreme pessimism to gradual recovery. The floating profits of ETH, BTC, and SOL assets together indicate broad market consensus. The current focus is whether this bullish force can continue to exert strength, turning the rebound into a longer-term upward trend.