Ethereum (ETH) Trader Faces $12.56M Loss After Oct 11 Crash, Left with $1.13M Including $680k Unrealized ETH Gains
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COINOTAG News reports on October 26 that a high‑risk crypto trader endured a drawdown of $12.56 million during the October 11 market shock. Since then, the operator has refrained from opening large positions, keeping exposure limited to a few hundred thousand dollars per trade and topping up after losses, the report notes.
Despite disciplined sizing, the trajectory skews to losses rather than gains, underscoring ongoing risk exposure management challenges in volatile markets. Over the past two weeks, activity has remained deliberately conservative with most sessions probing only limited capital.
Following the October 11 liquidation, the trader moved $1.85 million to Hyperliquid. The current on-chain balance stands at about $1.13 million, including roughly $680,000 of unrealized gains from ETH and HYPE. The disclosure underscores liquidity shifts amid cooling market conditions.