A savvy crypto investor has successfully gained over $160 million by accurately predicting the recent downturn in Bitcoin and Ethereum prices.
On October 11, Lookonchain, a blockchain analysis platform, revealed that a seasoned Bitcoin holder had initiated short positions exceeding $1.1 billion on the leading cryptocurrencies by market cap.
The Trader Who Profited $160 Million from Bitcoin’s Plunge
This investor bet against the upward trend of these digital assets, anticipating their value would drop.
In just 30 hours, this forecast came true as both Bitcoin and Ethereum experienced significant price declines, resulting in an estimated profit of $160 million for the trader.
Unbelievable — more than $160M profit within 30 hours! 😱
This #BitcoinOG has closed most of his $BTC and $ETH shorts but still holds 821.6 $BTC ($92M) short position after making over $160M! https://t.co/MB1itlh5I5 pic.twitter.com/tAMiHB6hcu
— Lookonchain (@lookonchain) October 11, 2025
After the market sell-off, this individual began closing most positions while maintaining a short position on 821.6 BTC valued at approximately $92 million.
The strategic timing raised questions about whether this whale had foreknowledge of impending macroeconomic events that led to broader market turmoil.
On Friday, Trump announced imposing a full tariff on Chinese imports along with new export restrictions targeting key software sectors.
The planned tariffs set to begin November 1 caused panic among investors across traditional and crypto markets alike, triggering massive sell-offs in riskier assets.
BeInCrypto reported that Bitcoin’s value fell as low as $105,262 before rebounding to $111,052 at press time. Other major cryptocurrencies like Ethereum, Solana, Dogecoin, and XRP followed similar downward trends causing unprecedented daily liquidation levels ever recorded according to CoinGlass data:</P
Crypto Market Record Liquidation Source: Coinglass
A staggering number exceeding one point six million traders faced liquidations wiping out nearly nineteen point three one billion dollars worth positions within twenty-four hours per CoinGlass statistics:</P
Bulls who anticipated further price increases bore brunt losses totaling sixteen point eight two billion dollars while bears incurred additional two point five billion dollar losses despite downturns observed during period under review :</P
Total liquidations included five point three seven-billion-dollar loss attributed solely towards bitcoin alone followed closely behind ethereum losing four-point four-three-billion-dollar value .Solana holders suffered through two-billion-dollar decline whereas HYPE/XRP traders endured combined eight hundred ninety-point thirty-seven-million-dollar/seven hundred eight-point twenty-four-million-dollars respectively :</P
An unexpected rise amidst volatility saw decentralized exchange Hyperliquid emerge largest venue handling ten-point-three-billion-dollars representing fifty-three percent overall totalized figures recorded.Bybit trailed second place posting impressive figure four-point-six-five-billions meanwhile Binance /OKX documented respective amounts amounting two-points-thirty-nine-billions/one-points-twenty-one billions correspondingly :</P
This episode highlights how geopolitical upheavals coupled with large-scale trades can rapidly alter dynamics within cryptocurrency sphere exposing even veteran participants either enormous gains potentially devastating setbacks depending upon circumstances prevailing momentarily :</P
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