The crypto market has delivered another sharp reminder of its volatility, as one of Hyperliquid’s most closely watched traders—known as the “Anti-CZ Whale”—saw his profits collapse by more than $61 million in just 10 days. The trader, famous for shorting immediately after CZ purchased ASTER, has now taken a major hit due to aggressive long positions in ETH and XRP.
Profits Plunge From $100M to $38M
Only 10 days ago, the Anti-CZ Whale’s combined realized and unrealized profits on Hyperliquid were nearing $100 million, according to data from Lookonchain. His performance had made him a prominent figure in the perpetual futures space, with his timing around major market events often attracting significant attention.
However, the recent market downturn completely reversed those gains. As ETH and XRP came under selling pressure, the Anti-CZ Whale’s oversized long positions dragged his total profit down to $38.4 million — a staggering $61 million loss in less than two weeks. The speed of the decline shows how quickly leverage can erase even the strongest performance when conditions shift.
High Leverage, High Risk
On-chain dashboards reveal the full extent of his exposure.
- Account 0xbadb…9ee6 holds a $27.44M long position using 1.56x leverage, currently sitting on –$3.09M in unrealized losses. Despite the hit, it still has $8.9M in withdrawable margin.
- Account 0x9eec…daAb, however, is in far more dangerous territory. It carries a massive $255.15M long position at 12.22x leverage, with margin usage at 95.40%—leaving almost no room for additional downside. This account alone has –$38.53M in unrealized losses, making it the primary driver of the drawdown.
With both accounts fully long and no hedges in place, any further volatility could trigger rapid liquidations, especially in the second high-risk account.
Market Downturn Punishes Aggressive Traders
The broader selloff over the past week dealt heavy blows to high-leverage traders across exchanges. ETH and XRP saw sharp declines as investors rotated out of risk, leaving oversized long positions—like the Anti-CZ Whale’s—directly exposed.
His situation also reflects a growing trend on Hyperliquid, where influential traders take massive directional bets that amplify both gains and losses. These positions attract attention and followers but leave traders vulnerable to dramatic reversals that can wipe out profits faster than they were made.
A Reputation Tested by Volatility
The Anti-CZ Whale became a social media phenomenon for perfectly timing shorts after CZ’s ASTER purchase. But this latest reversal is a reminder that even the most skilled traders are not immune to crypto’s extreme volatility. Whether he doubles down, reduces exposure, or steps back remains to be seen.
For now, the market has delivered a clear message: in leveraged crypto trading, fortunes can flip in an instant.
