An anonymous cryptocurrency trader, known for spending large amounts of money at online casinos such as Stake and Roobet, suffered a significant loss over the weekend. The trader had bet against Bitcoin and other major cryptocurrencies during a mid-November drop that pushed the Crypto Fear & Greed Index to 10, the lowest since February 2025. However, the market suddenly surged, catching the trader off guard. The unexpected rebound led to a $5.5 million liquidation, completely wiping out the trader’s bet. Wrong Tide Costs Trader $168M The trader had amassed millions against Bitcoin and other major cryptocurrencies during a drop that pushed the market to its lowest point since February 2025. Recent widespread fear, $867 million in Bitcoin ETF outflows, and a $500 billion drop in market cap led the gambler to believe prices would still fall. The trader, previously linked to large deposits into crypto gambling sites Stake and Roobet, then opened the leveraged positions. However, a sudden rebound on Sunday closed out their position and caused a broader short squeeze. This resulted in the trader suffering a staggering $168 million loss on the decentralized perpetuals platform Hyperliquid. Meanwhile, a few whales who calculated well opened short-leverage trade positions during the gloomy market weather and have reaped substantial profits. One of these is the famous Anti-CZ whale. According to Hyperliquid Explorer, Hypurrscan, this whale opened multiple trade positions on several altcoins and made almost $100 million. This shows that the whale read the market, not token hype. A Sign of Capitulation or a False Hope? Some investors have continued to dump, resulting in the overall sentiment remaining negative. This has increased interest in leveraged shorts on platforms like HyperLiquid and GMX, setting the stage for cascading liquidations. The market also witnessed a surging trend of Satoshi-era whales, waking up to flood the market and causing prices to plummet. Other large investors have helped absorb these significant selloffs, which have helped the market remain relatively stable. Recently, in just one week, these big investors bought over 45,000 BTC, which is the second-largest amount accumulated this year. This buying can indicate either a short-term or long-term strategy.  Meanwhile, U.S. spot Bitcoin ETFs resumed with a weekly net outflow of $1.11 billion for the third consecutive week. Spot Ethereum ETFs saw a weekly net outflow of $729, its largest ever. In contrast, Solana ETFs gained $46.34 million, continuing a three-week streak of positive inflows. The post Crypto Gambler Loses $168M Shorting Bottom of Market Plunge appeared first on CoinTab News.An anonymous cryptocurrency trader, known for spending large amounts of money at online casinos such as Stake and Roobet, suffered a significant loss over the weekend. The trader had bet against Bitcoin and other major cryptocurrencies during a mid-November drop that pushed the Crypto Fear & Greed Index to 10, the lowest since February 2025. However, the market suddenly surged, catching the trader off guard. The unexpected rebound led to a $5.5 million liquidation, completely wiping out the trader’s bet. Wrong Tide Costs Trader $168M The trader had amassed millions against Bitcoin and other major cryptocurrencies during a drop that pushed the market to its lowest point since February 2025. Recent widespread fear, $867 million in Bitcoin ETF outflows, and a $500 billion drop in market cap led the gambler to believe prices would still fall. The trader, previously linked to large deposits into crypto gambling sites Stake and Roobet, then opened the leveraged positions. However, a sudden rebound on Sunday closed out their position and caused a broader short squeeze. This resulted in the trader suffering a staggering $168 million loss on the decentralized perpetuals platform Hyperliquid. Meanwhile, a few whales who calculated well opened short-leverage trade positions during the gloomy market weather and have reaped substantial profits. One of these is the famous Anti-CZ whale. According to Hyperliquid Explorer, Hypurrscan, this whale opened multiple trade positions on several altcoins and made almost $100 million. This shows that the whale read the market, not token hype. A Sign of Capitulation or a False Hope? Some investors have continued to dump, resulting in the overall sentiment remaining negative. This has increased interest in leveraged shorts on platforms like HyperLiquid and GMX, setting the stage for cascading liquidations. The market also witnessed a surging trend of Satoshi-era whales, waking up to flood the market and causing prices to plummet. Other large investors have helped absorb these significant selloffs, which have helped the market remain relatively stable. Recently, in just one week, these big investors bought over 45,000 BTC, which is the second-largest amount accumulated this year. This buying can indicate either a short-term or long-term strategy.  Meanwhile, U.S. spot Bitcoin ETFs resumed with a weekly net outflow of $1.11 billion for the third consecutive week. Spot Ethereum ETFs saw a weekly net outflow of $729, its largest ever. In contrast, Solana ETFs gained $46.34 million, continuing a three-week streak of positive inflows. The post Crypto Gambler Loses $168M Shorting Bottom of Market Plunge appeared first on CoinTab News.