Anti-CZ Whale Loses $61M Profit in 10 Days on Hyperliquid

The crypto market just delivered another harsh lesson in volatility. As one of Hyperliquid’s most-watched traders, known as the “Anti-CZ Whale,” saw his profit collapse. By more than $61 million in only 10 days. The trader, who built a reputation for shorting immediately after CZ bought ASTER. He has now taken a heavy hit from aggressive long positions in ETH and XRP.

Profits Fall From $100M to $38M

Just 10 days ago, the Anti-CZ Whale’s realized and unrealized profit on Hyperliquid sat close to $100 million, according to data shared by Lookonchain. His performance had made him a standout figure among perpetual futures traders. His timing around high-profile market events often drew widespread attention.

However, the recent market downturn turned those winnings on their head. As ETH and XRP came under pressure. The Anti-CZ whale’s oversized long positions dragged his total profit down to $38.4 million. A staggering decline of about $61 million in less than two weeks. The speed of the drawdown highlights how quickly leverage can erase even the most impressive track records when conditions shift.

High Leverage, Heavy Risk

On-chain dashboards show the full extent of his exposure. One of his accounts, 0xbadb…9ee6, is currently holding a $27.44 million long position with a leverage ratio of 1.56x. His unrealized loss stands at –$3.09 million. Though the account still maintains over $8.9 million in withdrawable margin.

The second account, 0x9eec…daAb, is in a far riskier position. It is running 12.22x leverage on a massive $255.15 million long exposure. The margin usage is an alarming 95.40%. It leaves almost no buffer for further downside. This account carries an unrealized loss of –$38.53 million. This makes it the primary source of the drawdown. Both accounts are entirely long, giving the whale no hedge against sudden market dips. With such thin margins on the second account. Any additional volatility could trigger rapid liquidation.

Market Downturn Hits Aggressive Traders

The broader market downturn over the past week has punished high-leverage players across major platforms. ETH and XRP both saw sharp declines as investors rotated capital and risk sentiment weakened. The Anti-CZ Whale, holding oversized longs during this period, was directly in the line of fire.

His situation also points to a growing trend on Hyperliquid. The influential traders are taking massive directional bets that amplify winnings and losses. While these plays draw followers and engagement. They also expose traders to dramatic swings that can wipe out profits faster than they were earned.

A Reputation Tested by Volatility

The Anti-CZ Whale became a social-media legend for correctly timing shorts after CZ’s ASTER buy. But this recent reversal underscores how unpredictable crypto markets can be. Even for the most seasoned players. Whether he doubles down, cuts exposure, or pulls back entirely is yet to be seen. But for now, the market has sent a clear reminder. In crypto leverage trading, fortunes can flip in a heartbeat.