Bitcoin (BTC) Plunges as Front-Running Whale with 100% Win Rate Liquidates Long, Triggering a ~$40M Rug Pull
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
According to a November 5 on-chain briefing, a notable front-running whale reportedly liquidated its remaining long exposure two hours ahead of schedule. Market observers described the move as a rug pull, with estimated losses near $39.37 million and implications for liquidity dynamics in crypto markets.
During early trading, Bitcoin briefly traded under $100,000 and Ethereum slid to $3,057, testing liquidation thresholds tied to the long entry initiated on October 24.
Across 18 trades, the position produced 14 wins for a win rate of 77.7%. The cumulative loss reached $39.906 million, with the account posting a net drawdown of $30.02 million, underscoring risk controls required in crypto markets.