A "Legendary" Trading Account's Fall: From Perfect Record to $39.91M in Red

What started as an impressive winning streak ended in catastrophe for one of the market’s most-watched whale traders. The account that once boasted a perfect trading record has finally hit the reset button, wiping out years of gains in a matter of months.

The Collapse Unfolds

Recent market volatility proved too much for the whale’s leveraged positions. When Bitcoin dipped under the six-figure threshold—touching as low as $95.20K according to current data—and Ethereum slipped to approximately $3,290, the liquidation cascade was inevitable. The trader closed out their entire long exposure roughly two hours after the market shock, crystallizing a devastating $39.37 million loss in a single transaction.

The Full Damage Report

The real story emerges when you zoom out. Since the whale first deployed capital on October 24th, the accumulated losses have ballooned to approximately $39.906 million. When combined with previous drawdowns, the total HL account deficit now sits at around $30.02 million—a sobering reminder of how quickly fortunes can reverse in leverage trading.

The Win Rate Reality Check

Perhaps most telling is the shift in the account’s track record. What was once advertised as a flawless winning percentage has now settled at 77.7%—representing 14 successful trades against 4 losses across an 18-trade sample. The morda age of “undefeated” trading strategies has clearly passed, marking another cautionary tale in the ongoing narrative of high-leverage market participation.

This episode underscores a timeless lesson: even experienced traders operating with sophisticated strategies remain vulnerable to sudden market dislocations. The crypto markets continue to remind participants that no track record—no matter how impressive—guarantees protection against tail-risk events.