A well-known Bitcoin whale has returned to high-stakes trading with a sizable Ethereum position, adding fresh momentum to a market that is only beginning to recover. According to on-chain data, the trader known as “1011short” deposited $10 million in USDC to the decentralized exchange Hyperliquid before opening a 5x leveraged long position. The move created a $44. 15 million exposure backed by 15, 000 ETH, marking one of the whale’s largest recent trades. The entry price for the position was $2,945. 83 per ETH, placing the wallet slightly in the red as Ethereum hovers near $2,896. This leaves the position with an unrealized loss of over $38,000. The trade remains active, with a liquidation level of $2,326. 6, providing the whale with a sizable buffer amid current volatility. Advertisement Market Shows Signs of Rebound After Recent Sell-Off The whale’s re-entry comes at a moment when the broader crypto market is starting to regain stability. Bitcoin reclaimed the $89,000 level today and is up 1. 37% over the past 24 hours. Even so, the asset remains more than 20% below its peak last month, highlighting the depth of the recent correction. This improving sentiment has also lifted major altcoins. Solana climbed to $137. 88, posting a 5. 6% daily gain, while XRP rose 8. 59% to $2. 23. Liquidations Spike as Prices Rebound The market’s sharp swing back into positive territory triggered a significant wave of liquidations, particularly for bearish traders. Data from Coinglass shows that $337. 86 million in leveraged positions were liquidated in the last 24 hours. Indeed, the rapid price movements caught many traders off guard, particularly those positioned against the rebound. A total of 112, 021 traders were liquidated during this window, with short sellers suffering the heaviest losses. Nearly $233. 05 million in short positions disappeared as prices reversed upward. Meanwhile, long traders also felt some pressure, albeit to a lesser degree, with losses of $104. 81 million. Notably, the largest single liquidation occurred on Hyperliquid DEX, where an $8. 61 million BTC-USD order was wiped out. Bitcoin and Ethereum Lead Liquidation Totals Reflecting their dominant market positions, Bitcoin and Ethereum accounted for the bulk of these losses. Bitcoin saw $119. 17 million in liquidations, while Ethereum followed with $73. 34 million. Overall, these totals highlight continued aggressive use of leverage across the top two cryptocurrencies, even amid heightened uncertainty.
https://thecryptobasic.com/2025/11/25/major-whale-reenters-ethereum-market-with-44m-long/
Tag: signs
Universal to reopen Stardust Racers ride two weeks after man’s death
ORLANDO, Fla. (AP) — Universal Orlando Resort plans to reopen its Stardust Racers ride at Epic Universe more than two weeks after a 32-year-old man died of blunt force injuries following a ride on the high-speed roller coaster.
Signs will be updated to reinforce existing warnings and eligibility requirements to help visitors decide if they should go on the dual-launch coaster, which reaches speeds of up to 62 mph (100 kph), Karen Irwin, president and chief operating officer at Universal Orlando Resort, said Friday in a memo to workers. The ride is scheduled to reopen on Saturday.
The family of Kevin Rodriguez Zavala had publicly urged Universal not to reopen the ride until all investigations were finished and they had a better understanding of how he died. The medical examiner for the Orlando area ruled the cause of death as multiple blunt impact injuries and said the manner of death was an accident. The full autopsy report has not been made public.
Zavala had a spinal disability from birth and used a wheelchair, but his family’s attorneys stated that his disability did not cause his death on September 17.
Irwin said the ride at Universal’s newest theme park had undergone an extensive operational and technical review that confirmed the ride systems had functioned properly and that Universal workers had followed proper procedures. The ride systems manufacturer and an independent roller coaster engineering expert also conducted on-site testing, supporting Universal’s findings.
Separately, a woman sued Universal Orlando Resort last week, claiming she was injured on the ride. She stated the ride shook her violently and slammed her head into her seat’s headrest.
Attorneys for Zavala’s family said this week that others have reached out to them with similar stories about the ride, which officially opened in May with the debut of the new theme park.
https://wtop.com/national/2025/10/universal-to-reopen-stardust-racers-ride-two-weeks-after-mans-death/