The legendary whale in the crypto world, silent for a full 8 years, has suddenly reappeared. This major holder once held 50,000 BTC. Today, through an executive at its affiliated trading platform, Garrett Jin, it made a public statement: the upward trend of Bitcoin and Ethereum is not far off, with short-term targets of $106,000 and $4,500 respectively.

This statement immediately drew market attention. Garrett Jin further explained that the market impact of the Yen's interest rate hikes has already been digested and does not pose a long-term pressure.

The reason this whale is so closely watched is not only because of its massive holdings but also because of its rhythm of operations—each major move seems to resonate with policy shifts and macro events. On the eve of a sharp decline in mid-October, it dumped $500 million to short BTC, then earned nearly $100 million in profit, shocking the entire market.

However, things are not going well for this major holder now. Recently, it increased positions in ETH and SOL, but the market quickly retraced, and the current unrealized losses have accumulated to $78.3 million. Specifically:

- 5x leveraged ETH long position of $573 million, entry price $3,147, with a loss of $66.77 million (58% loss). If the price drops further to $2,150, it will trigger a forced liquidation.
- 5x leveraged BTC long position of $85.18 million, entry price $91,500, with an unrealized loss of $6.32 million (37% loss).
- 20x leveraged SOL long position of $31.57 million, entry price $135, with an unrealized loss of $5.21 million.

Is this price call a turnaround from adversity, or is there another deeper meaning? The market trend will provide the answer. Crypto trading has never been about the amount of information but about execution and risk management at critical moments.