Bitcoin Updates: Major Holder Gains $17 Million During Market Swings While Competitor Faces $1.85 Million Loss, Highlighting Trading Dangers

A cryptocurrency whale known as "0xc2a" managed to overcome the market turbulence in October, earning $17 million in profits from long trades on

and . According to blockchain analytics company Intelligence, this investor entered these trades before the market bounced back, taking advantage of Bitcoin’s 4% and Ethereum’s 2% increases last week, as detailed in a . The trader’s achievement follows a period of intense volatility, during which more than $20 billion in leveraged positions were wiped out on October 10, after President Donald Trump announced a 100% tariff on Chinese goods, the BeInCrypto report noted.

The 0xc2a wallet, which has maintained a flawless win record since it began trading, is currently holding 1,483 BTC (worth $165.5 million) and 33,270 ETH (valued at $131.3 million) in open long trades, according to BeInCrypto. This impressive performance has caught the eye of both traders and analysts on social media, emphasizing how whale activity can influence overall market mood. Major holders, with their ability to sway prices, are often seen as indicators of institutional moves, prompting smaller investors to watch their trades for potential trends.

At the same time, a different story unfolded with a competing whale. Data tracked by AI Auntie and reported by

, reveals that another address is currently facing an unrealized loss of $1.85 million, with a liquidation threshold at $116,903.9—about $4,100 above Bitcoin’s present value. This situation highlights the dangers of using leverage in a market still dealing with geopolitical instability and changing risk tolerance.

October’s volatility also saw another prominent whale, reportedly connected to Trump’s circle, close out a $200 million short position on Bitcoin. The Ethereum wallet ending in "7283ae" made $6.4 million by betting on Bitcoin’s drop, only for the price to rebound to $110,500 by Thursday, as reported by a

. This whale’s actions, which began during the October 10 liquidation surge, have fueled discussions about possible market manipulation, with some experts suggesting coordination between exchanges and market makers, as discussed in a .

The cryptocurrency sector remains divided, with institutional investors speeding up industry consolidation. FalconX’s planned purchase of 21Shares and Coinbase’s acquisition of Echo are part of a larger wave of mergers and acquisitions expected to exceed $10 billion in 2025. Regulatory developments are also ongoing, as Crypto.com pursues a U.S. federal banking license to broaden its custody offerings, according to the CryptoNews analysis.

For now, the achievements of traders like 0xc2a bring a measure of hope to an otherwise unstable market. Their careful timing and well-planned trades demonstrate that, even in times of high volatility, skilled strategies can deliver significant gains, as highlighted in a

.