According to Lookonchain, a legendary trader closed all 66,749 ETH long positions valued at approximately $303 million, realizing a $6.86 million profit and a 55x return source: Lookonchain. According to Lookonchain, the account began with $125,000, peaked at over $43 million in equity for a 344x return, and stands at $6.99 million (55x) after closing source: Lookonchain. According to Lookonchain, the closure removes this account’s leveraged long exposure in ETH at the stated size and confirms profits were realized on exit source: Lookonchain.

According to Cas Abbé, Bitcoin (BTC) is currently forming a bullish pennant pattern, signaling potential upward momentum for traders. The cryptocurrency bounced back strongly from a critical support level, even as a significant $1 billion in long positions were closed and overall liquidity volume remained low. Notably, bearish pressure failed to drive BTC prices down during this period, indicating robust buyer interest and resilience in the market (source: @cas_abbe on Twitter, May 25, 2025). These technical signals suggest traders should monitor BTC for potential breakout opportunities and consider the bullish pennant pattern for short-term trading strategies.