One of the most spectacular shifts in unrealized P&L movements occurred by a closely watched insider whale that made headlines in the crypto community after experiencing one of the most dramatic swings in the past few months. According to on-chain data provided by Satoshi Stacker, Whale went from an unrealized gain of +19 million to a devastating loss of -77 million, but recovered to an unrealized gain of +11 million within a month. According to data presented on HyperDash.info, whales were making long, heavily leveraged trades in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) during difficult times. This trader held out and selectively took positions as the market fell, rather than exiting when the market fell.
Concentrate volatility on leverage
At the peak of its exposure, the whale was trading nearly 745 million notional positions with leverage ranging from 3x to 10x. This allows even small price movements to reveal profits and losses, potentially amounting to millions of dollars in unrealized gains and losses. In late 2025, as market volatility increased, Bitcoin was forced to fall below 87,000, triggering a cascade of widespread market unrealized losses in leveraged accounts. Insider whales experienced drawdowns without liquidations, and pre-liquidation losses increased exponentially until they leveled off.
Bitcoin rebound reward diamond hand
With the recovery of over 98,000 Bitcoins, the whales have begun to recover unrealized gains and losses. The whale's assets are reported to be estimated at $379 million, which has been subject to extreme fluctuations, enough to survive a forced liquidation. Recent statistics show a return on equity of 7.3%, which is an indicator that leverage is under control despite the huge position size.
Circumstances that worsen market conditions
This volatile month coincided with increased macroeconomic uncertainty, including FOMC policy signals, changes in interest rate expectations, and geopolitical events. These contributed to price fluctuations in major crypto assets and put pressure on highly leveraged traders. This insider whale also demonstrated long-term belief, unlike other retail traders who exit the market when the market is in freefall. The plan was based on capital strength, tolerance for risk, and confidence in market recovery rather than short-term price expectations.
Diamond Hands' story gains momentum
The recovery of the whale confirms the story of the Diamond Hand, which is widely known in the crypto industry. Volatile trading is sustainable, especially supported by capital and risk management systems, and can be tracked more effectively than trading in reaction to emotional market trends. Although the whale's plan was successful, this episode illustrates the risks of leveraged trading. During an emotional roller coaster of unrealized losses ranging from -77 million to +11, Insider Whale experienced both the perils and joys of high-conviction crypto trading. As markets continue to evolve, this incident serves as one of the strongest reminders that faith combined with the power of capital can be the hallmark of success during cryptocurrencies' most turbulent times.
