Bitcoin Updates: Investor’s $33M ETH Wager Withstands $1.1B Liquidation Surge While Crypto Markets Approach Bearish Levels

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Bitget-RWA2025/11/18 08:40

By:Bitget-RWA

- A top crypto trader liquidated $7. 3M before re-entering with a $33M ETH long amid $1.1B market-wide liquidations on Nov 14, 2025. - Long positions suffered 973M losses vs 131M short liquidations, with a $44.29M BTC-USDT position marking extreme leverage use. - Bitcoin's RSI hit "massively oversold" levels and fell below its 3-year volatility band, echoing 2022 FTX-era market stress. - The crisis reignited debates over leveraged trading risks, with 246,000 traders forced to exit positions during the shar

Last week, the cryptocurrency market saw a sharp turnaround as a well-known trader—famous for successfully navigating previous market lows in

Bitcoin

(BTC) and

Ethereum

(ETH)—closed out a $7.3 million position, only to jump back in with a $33 million long bet on

ETH

. This dramatic move played out against a backdrop of widespread market volatility, as

more than $1.1 billion in liquidations occurred on November 14, 2025

, representing the largest wave of forced selling since the FTX collapse in 2022.

This liquidation spree hit long positions especially hard, erasing $973 million, while short liquidations totaled $131.37 million.

The biggest single liquidation—a $44.29 million BTC-USDT trade on HTX

—underscored the high leverage many traders had taken on during the recent rally. Hyperliquid and Bybit also saw major outflows, with

$134.16 million and $122.57 million in long positions liquidated

respectively, within just four hours. Experts point to excessive leverage and a sudden shift in market mood as key reasons for the sharp downturn, which caught many market participants by surprise.

The current market turmoil has drawn direct parallels to the FTX crisis.

Bitcoin's Relative Strength Index (RSI) has dropped into "deeply oversold" levels

, a situation not seen since the 2022 meltdown. On top of that, Bitcoin has

dipped below its lower volatility band for the first time in three years

, indicating significant market stress.

Analyst Negentropic remarked that the current sentiment is reminiscent of the "rock bottom" mood

seen during the FTX collapse, highlighting the psychological impact on traders.

The surge in liquidations has driven sentiment to record lows

, with more than 246,000 traders forced out of their positions. This has reignited discussions about whether the market is entering a new bear cycle or simply undergoing a sharp correction. Although the $1.1 billion in liquidations is significant, it is still much less than the all-time high of $19.16 billion in October 2025, which followed a US-China tariff announcement

as noted in market reports

. Even so, the recent events have brought renewed attention to the risks of leveraged trading and the effectiveness of risk controls on exchanges.

The trader's choice to re-enter with a $33 million ETH long position signals a belief in a short-term recovery. Moves like this illustrate the cyclical behavior of crypto markets, where rapid liquidations can open the door for new buying opportunities for well-capitalized players. Still, with technical signals warning of caution and retail investor sentiment at multi-year lows, the outlook remains highly uncertain

according to analysts

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.