Crypto Whales: From Millions to Memes in One Rebound!

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After a week that felt like Godzilla stepped on crypto, the market decided to throw a comeback party over the weekend. 🎉 In just 24 hours, the total market cap jumped nearly 4%, proving that even cryptos need a little bounce-back energy.

And guess who’s been swimming in the deep end? Crypto whales! These underwater giants moved millions in Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), and Zcash (ZEC) across spot and derivatives markets. 🐋💸

Crypto Spot Market: Whales Playing Musical Chairs

Some whales decided to reshuffle their decks during the rebound. One Ethereum trader, who bought 6,028 ETH during the October 11 crash for $3,638 per coin, decided to cut their losses. 🎰

On-chain data shows they sold all 6,028 ETH for 22.26 million USDC at an average price of $3,587, netting a $320,000 loss. Ouch! Someone get this whale a Band-Aid. 🩹

Early Bitcoin investor Owen Gunden also decided to lighten his load. He sent 500 BTC (worth $51.68 million) to Kraken on Saturday. The next day, he added another 600 BTC ($61.17 million) to the exchange, likely prepping for a sale. But don’t cry for him-he’s still sitting on 6,050 BTC, worth a cool $618.78 million. 🏦

Meanwhile, Chainlink was the belle of the ball, with two new wallets withdrawing $2.9 million in LINK over three days. On-chain analysis showed these wallets pulled 187,500 LINK from Binance at an average price of $15.5. Someone’s stocking up for winter! 🧣

Derivatives Market: Rollercoaster of Pain and Profit

Leveraged trading turned the derivatives market into a carnival ride, with whales facing exhilarating highs and crushing lows. 🎢 Yesterday, James Wynn closed a 40x leveraged BTC short, pocketing $85,380. But then he re-opened a short position and got liquidated 12 times in 12 hours. His account now stands at a whopping $6,010. Someone call the lifeguard! 🚨

“Due to the market rebound, James Wynn got liquidated 12 times again in the last 12 hours. His account is now down to only $6,010,” Lookonchain stated.

Another trader wasn’t so lucky either. After transferring 7 million USDC into Hyperliquid three days ago to short Bitcoin, they suffered repeated stop losses and ended with just $560,000-a loss of about $6.44 million. 🩸

High-stakes gambling rarely ends well.

The Roobet & gambler 0x7B7b has lost $6.19M in less than 4 days – his $7M bankroll is down to just $672K.

His $BTC shorts have been stopped to 300 BTC($31.75M) with a liq. price of $106,756.

– Lookonchain (@lookonchain) November 10, 2025

But hey, not all whales were drowning! Those who went long on BTC and ETH have been swimming in profits. Lookonchain noted that the Anti-CZ Whale switched from short to long positions on Ethereum, sitting on over $15 million in unrealized gains. 🌊

And then there’s “Brother Machi,” who steadily added to an ETH long position, now 25 times the original size. Talk about confidence! 🐂

Zcash also had its moment in the spotlight. The mysterious whale 0x6EF9, who went long on ZEC with limit orders, closed their position with a $1.25 million profit. Meanwhile, a new wallet (0x089f) deposited 3.54 million USDC into Hyperliquid and placed a limit long at $508.5 for ZEC. 🕵️‍♂️

“The mysterious whale 0x6EF9, who went long on ZEC with limit orders, has now closed, securing a $1.25 million profit. And another new wallet (0x089f) appeared – depositing 3.54M USDC into Hyperliquid and placing a limit long at $508.5 for ZEC,” Lookonchain posted.

So, what’s the moral of this story? The crypto market rebound has whales dancing in both spot and derivatives markets. While some lost their fins, others are diving into profits, proving that Ethereum and Zcash still have some juice. 🐠

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2025-11-10 08:13