Bitcoin price traded around $110,000 on Sunday as one outstanding crypto trader, boasting a 100% win rate, opened long positions across Bitcoin, Ethereum, and Solana, with their exposure reaching $376 million.
By Saturday, Bitcoin’s price had begun to recover from the losses incurred during Friday's Wall Street session. This rebound followed another wave of selling that occurred throughout the week, as traders on U.S. exchanges and Bitcoin spot ETFs offloaded holdings. Analysts at on-chain data firm Glassnode reported that the latest ETF outflows on Thursday and Friday reflected “growing sell pressure from traditional finance investors and renewed weakness in institutional demand.” However, new data from Glassnode suggests Bitcoin is far from a bear stage despite the current market pains that forced Bitcoin below $110,000 last week.
$376 Million in Long Positions Exposure
A high-profile trader, known for a near-perfect track record, has sharply increased his market exposure to $376 million, spread across three leveraged long positions on Bitcoin, Ethereum, and Solana. According to the latest crypto news data, the trader now holds roughly $152 million in Ethereum longs at 10x leverage, a move that appears to be paying off with over $2 million in unrealized gains. Meanwhile, Bitcoin exposure stands at $118 million, also on 13x leverage, showing modest profits as prices hovered near the $110,000 mark. Solana positions total about $106 million at 10x leverage, though currently showing a drawdown of just over $6 million. Despite the temporary setback, the overall positioning suggests a firm belief in the market’s upward trajectory.
Trader Closes Bitcoin Short Position
A well-known crypto skeptic who had shorted Bitcoin ahead of the sharp sell-off triggered by former President Donald Trump’s aggressive tariff announcement on China has now closed his position. According to trade records, the move marked a full exit from a sizable short position just minutes after Bitcoin began to stabilize. Market watchers said the decision mirrored a change in overall sentiment, as bearish traders unwound their bets amid steady buying.
INSIDER WHALE THAT SHORTED TARIFF ANNOUNCEMENT JUST CLOSED HIS FULL #BITCOIN SHORT POSITION
— Vivek Sen (@Vivek4real_) October 31, 2025
HE KNOWS WHAT’S COMING NEXT 🚀 pic.twitter.com/XB3CZG8EHA
On-Chain Insights Suggest Bitcoin Is Far From Bear Stage
Bitcoin’s recent correction has sparked another round of cautious sentiment across the market, yet the data tells a very different story. According to Glassnode’s Relative Unrealized Loss metric, the proportion of coins held at a loss remains exceptionally low, even after the latest pullback. At a current price near $107,000, Bitcoin’s unrealized losses represent only about 1.3% of its total market capitalization. That figure is strikingly modest. In typical mild bear markets, this ratio often climbs above 5%, while in severe downturns, it can surge past 50%.
Comparing to previous ratio readings, the current data shows market health is intact with a majority of investors being in profit. This also translates to a shift in the maturity of Bitcoin, where long-term holders appear largely unfazed despite waves of selling pressure. A sizable section of bullish traders have also chosen to sit tight and be hopeful instead of exiting their long positions. Meanwhile, there are some speculative traders who are testing short positions, but their impact has been limited by the increasing demand from buyers who are taking advantage of every dip.
In essence, while the tone on social media and trading desks might feel uncertain, the on-chain data paints a picture of a market far from distressed. The pain level, at least for now, is nowhere near what defines a true bear phase.