A Crypto Trader Earns$17 million Betting on Bitcoin and Ethereum Rebound

- A crypto trader known as" 0xc2a " raked in about US$17 million from Long Bitcoin and Ethereum positions during the volatile market in October.

- While most traders lost more than US$20 billion in liquidations, he took advantage of the rally in time after Trump's tariff announcement.

- Its impeccable trading record and large active positions have made it a key signal for market sentiment and whale activity on the X social media platform.

An experienced crypto trader successfully fought off the October market turmoil, raking in about US$17 million in profits from long positions on Bitcoin and Ethereum.

Data from Arkham Intelligence shows that traders known as” 0xc2a " opened long positions shortly before the market rebound last week. Bitcoin and Ethereum rose 4% and 2%, respectively.

Crypto Whale holds nearly US$300 million in Long positions.

This trader's precision comes after one of the most volatile periods in the crypto market, when more than US$20 billion in leveraged positions were wiped out on October 10.

The market turmoil began after President Donald Trump announced 100% tariffs on Chinese imports. This policy triggered massive sales across equities and digital assets.

As investors rushed to mitigate risk, Bitcoin briefly fell to a three-month low below$105.00 before recovering. During the decline, 0xc2a quietly accumulated positions, betting on a rebound that soon materialized.

Blockchain Data reviewed by Lookonchain shows that he is actively rebalancing his portfolio as prices fluctuate, aligning each move with changing market sentiment.

From the very beginning, his account maintained a 100% win rate, with no losses recorded. This note attracted significant attention from analysts and traders on the X social media platform.

At the time of publication, this trader held 1,483 BTC (worth approximately US$165.5 million) and 33,270 ETH (approximately US$131.3 million) in active long positions. This shows strong confidence in a market that is still struggling to find direction.

Meanwhile, this trader's success highlights how whale's behavior can affect broader sentiment. Large holders, who are able to move the market with a single transaction, often act as a barometer for institutional positions.

Typically, small traders follow their actions closely, looking for clues about a possible momentum reversal or trend confirmation.

However, this October Market challenged the traditional “Uptober” narrative.

Historically, this month brought bullish expectations. However, a combination of geopolitical uncertainty, a surge in liquidations, and declining risk appetite has tested investor confidence.

Nevertheless, the success of traders like 0xc2a has revived cautious optimism. For many, his$17 million profit was not only a show of skill but a reminder that even in volatile markets, disciplined timing and strategic positioning can still yield big returns.

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