Mysterious Whale Closes All Trades After $37.6M Loss : Here’s the Full Breakdown

Mysterious Whale’s equity fell from near breakeven to a $39M drawdown before closing all positions.

Between June and August 2025, the account saw sharp recoveries followed by deeper losses.

Final holdings total $38,826 in liquid equity, with no leverage, margin, or active market exposure remaining.

The Mysterious Whale, a trading account, has exited all active positions after an extended period of heavy market activity. Records show the account now holds $38,826 in total equity, entirely in perpetual balance, with no spot assets remaining

Over recent months, onchain post confirms that the trader’s journey has moved from a $32 million loss to nearly breaking even, before plunging to a $39 million drawdown. The latest figures place cumulative losses at $37.6 million, marking the end of a volatile trading cycle.

Trading Performance from June to August 2025

According to a post by Onchain Lens, the performance chart covering June through mid-August 2025 shows a change in account value. In early June, equity levels were higher before entering a sustained downward trend

Source: Onchain Lens (X)

By mid-June, losses reached around $32 million following rapid market declines. Late June brought a sharp recovery phase, pushing the account closer to breakeven during a brief period of positive alignment with market moves.

Entering July, volatility increased, and the account saw a short-lived spike in equity. However, steep corrections quickly followed, erasing those gains. This period reflected active trading during unstable market conditions, with large fluctuations recorded over multiple sessions.

Sharp Mid-July Downturn and Late July Losses

Tracking the trend further, Mid-July marked a decisive reversal, with whale account value falling in line with cryptocurrency market pullbacks. Losses deepened toward late July, pushing total negative performance into the $39 million range. Sustained downward momentum continued through this period, with no prolonged recovery phases.

In early August, the whales wallet experienced a short recovery, adding some equity before another major decline occurred. This drop reduced portfolio strength and solidified substantial losses. By the latest update, the account had recorded a $37,603,070.87 cumulative decline from its prior capital levels.

End of Trading Cycle and Capital Withdrawal

Current data confirms whale zero position distribution and no long exposure, leaving the account without directional bias. The full closure of perpetual holdings locked in realized losses. The remaining $38,826.16 now sits as entirely liquid equity, with no active leverage or margin commitments.

From June to August 2025, the account moved through one of the most severe drawdowns recorded in this period. The trajectory moved from deep losses to near recovery, followed by an even larger capital drop

The pattern reflected concentrated exposure to high-volatility market segments, leading to extreme performance swings. With the liquidation of all trades, wallet F925's trading cycle has ended. After extended market activity and realized losses, the account now holds only a fraction of its earlier equity.