Trader turns $ 125k ETH into millions alone to lose everything at night

This month, Ethereum Rally has given traders strong opportunities by helping them encourage portfolio values and unlocking profitable outputs. However, the subsequent downward trend has proved to be harmful.

A trader who was once celebrated for converting a modest $ 125,000 payment into tens of millions of dollars through aggressive Ethereum Longs has dramatically unraveled their fortunes.

ETH Trader Fortune evaporates

Only three days ago, on-chain tracker lookonchain reported That the trader had grown his accounts up to $ 29.6 million within four months by merge profits on hyperliquid. The trader built an ETH position of 66,749, which was worth around $ 303 million. Two days ago they closed those lungs and managed to make $ 6.86 million profit and ended with $ 6.99 million in equity, a decrease in a peak of $ 43 million.

However, the trader quickly came back to the market and took a large long position on ETH.

The last update of Lookonchain reveals that this decision ended in a disaster when the market turned against them and $ 6.22 million in positions. Their account balance is now only $ 771,000, after having wiped out a win in less than 48 hours.

Although the liquidation serves as a warning story, experts claim that the withdrawal could actually benefit disciplined dip-buyers.

Accumulation option?

Analyst and MN Trading founder Michaël van de Poppe sees the current withdrawal into Ethereum as an excellent chance of accumulation. He emphasized the $ 4,100- $ 4,200 zone as an “ideal area” for dip, and added that it expects at least 10% bounce of this level. Van de Poppe explained That volatility in Ethereum is likely to decrease quickly, after which the Altcoin could see a new battery phase.

His analysis follows the sharp reversal of ETH compared to the high over $ 4,750 of last week, a level that is not seen in months, which has since brought the price at just over $ 4,200 at the time of writing. Van de Poppe repeated his strategy with a reminder to “always buy the dip”.

Meanwhile, Crypto -Market Intelligence Platform Kiyotaka observed Ethereum is currently sinking in a considerable cluster of rest bids, with strong buying orders stacked all the way to the level of $ 3,900. The order book Heatmap to display Heavy accumulation zones under the current price, which indicates a strong copper interest when ETH continues its deterioration.