Whale Bounces Back With High-Leverage Positions After October Liquidation Channel Wipeout

GasFeeCrybaby · 2026-01-21T16:18:47+00:00

A trader returns to the market after a $25 million loss, reinvesting $3 million in USDC with high leverage across various assets, including Bitcoin and Ethereum. This aggressive strategy raises concerns about potential risks following past failures.

GasFeeCrybaby

2026-01-21 16:18:47

Abstract generation in progress

A major trader is making a bold return to the market just months after suffering a devastating loss. According to Onchain Lens data reported by PANews in late December, the same whale that saw $25 million liquidated during the October crash has deposited fresh capital of $3 million in USDC and is now aggressively positioning across multiple assets with significant leverage.

The Past Liquidation Channel Event

The trader’s history with the market has been turbulent. Back in October 2025, this whale experienced a catastrophic liquidation when $25 million worth of positions were forcibly closed during market turmoil. Rather than stepping back from the market entirely, the trader appears determined to rebuild and recapture losses.

Current High-Leverage Strategy Across Major Assets

The whale is now running a diversified yet aggressive portfolio with borrowed capital:

Bitcoin (BTC): Currently priced at $89.83K, position held at 20x leverage
Ethereum (ETH): Trading at $2.99K, position held at 12x leverage
Hyperliquid (HYPE): At $21.43, holding 5x leverage on HyENA platform
Solana (SOL): Trading at $129.50, position held at 10x leverage

The 10x leverage specifically used for the HYPE position on HyENA represents the most aggressive bet in this liquidation channel recovery attempt.

Risk Assessment: Can Lightning Strike Twice?

This comeback strategy is striking for its high-risk nature. Rather than learning conservative lessons from the $25 million liquidation channel event, the whale is employing even more leverage across a broader asset range. Market observers note this could either represent newfound conviction about 2026 market direction or a potentially dangerous pattern of escalating risk-taking following major losses.

The trader’s ability to secure $3 million in capital after a massive liquidation suggests either recovered funds or fresh outside investment, but the leverage multiples deployed leave little room for error in volatile market conditions.

BTC0,8%

ETH1,29%

HYPE3,32%

SOL3,03%

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