The 1011 Insider Whale, known for speculative crypto trading, now faces unrealized losses exceeding $50 million following the October 11 flash crash.The 1011 Insider Whale, known for speculative crypto trading, now faces unrealized losses exceeding $50 million following the October 11 flash crash.

Whale Faces $50 Million Loss After October Flash Crash

1011 Insider Whale Faces Significant Losses
Key Points:
  • Whale faces $50 million loss on crypto trades.
  • ETH, BTC, and SOL positions heavily impacted.
  • Overall profits diminished significantly post-crash.

The unrealized losses of “1011 Insider Whale” now surpass $50 million, driven by leveraged long positions in cryptocurrencies: ETH (175,595), BTC (1,000), and SOL (25,000). These positions suffered as market values fell below opening prices.

The anonymous “1011 Insider Whale,” known for speculative crypto trading, now faces unrealized losses surpassing $50 million. This shortfall follows positions taken after the October 11 flash crash.

1011 Insider Whale Losses and Market Implications

The “1011 Insider Whale,” an on-chain entity, previously registered $119.6 million in profits, engaging in speculative trades post-October 11 flash crash. Leveraged long positions across ETH, BTC, and SOL have now resulted in a cumulative loss exceeding $50 million.

Analyzed by Onchain Lens and Hyperinsight, the whale’s actions were motivated by high-stakes market strategy.

The crypto sector harbors concerns regarding potential domino effects. However, analysts perceive limited immediate risk to liquidity or total value locked (TVL) within DeFi protocols. Monitoring tools continue to scrutinize these volatile conditions.

In recent activity, a linked wallet deposited 55,240 ETH on Aave, borrowing $70 million in USDT, an indicator of continued leverage and risk exposure.

Historical comparisons are sparse, with few precedents for the scale of involvement without official statements or community sentiment noted.

Potential outcomes might include increased regulatory scrutiny on crypto traders practicing high-leverage strategies. Historical data reveals few entities have sustained equivalent risk levels following speculative postures. Analysts will continue to evaluate liquidity flows and price stability among affected digital assets.

Market Opportunity
Nowchain Logo
Nowchain Price(NOW)
$0.00258
$0.00258$0.00258
0.00%
USD
Nowchain (NOW) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
The aftermath of the energy war: As Microsoft, BlackRock monopolize infrastructure, Eden Miner becomes retail’s last backdoor to the “hashrate yield network”

The aftermath of the energy war: As Microsoft, BlackRock monopolize infrastructure, Eden Miner becomes retail’s last backdoor to the “hashrate yield network”

As mining goes institutional in 2025, Eden Miner opens retail access to hashrate investing through a new model. The year 2025 marks a watershed moment for global
Share
Crypto.news2025/12/17 00:08
Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12