Whales Weep as Bitcoin Bites the Dust: $61.5M Down the Drain

The sun had barely kissed the horizon when the digital skies darkened, and the great beast of Bitcoin let out a wail that echoed through the valleys of the crypto world. Down it plunged, like a stone cast by a weary farmer into the dusty earth, settling at a depth not seen in over two weeks-a paltry $64,500. The air was thick with the scent of panic, and the fields of green candlesticks withered to brown.

In the wake of this financial tempest, the reaper’s scythe swung wide, claiming nearly $500 million in positions. Some 140,000 traders, once proud and hopeful, now lay strewn like so many fallen leaves, their dreams of riches reduced to dust. Yet, amidst this carnage, one tale stood out-a tale of hubris and woe.

A whale, nameless and faceless, was dragged to the slaughter, its $61.51 million fortune liquidated in the blink of an eye. The executioner? HTX, cold and unyielding, with the BTC/USDT pair as its blade. No tears were shed for this creature of the deep, though its fall was as spectacular as it was swift.

Another soul, Machi Big Brother-a man who once strummed guitars and now gambles with pixels-felt the market’s sting. Jeffrey Huang, for that is his given name, watched as his ETH position was partially gutted. Days prior, CryptoPotato had whispered that his crypto hoard had shriveled below $1 million, a loss of $28 million. Now, with the latest blow, his wounds deepened to $28.8 million. Yet, like a gambler at a rigged table, he doubles down, clutching 1,700 Ethereum tokens, worth a meager $3.2 million.

Ethereum, too, had its moment of reckoning. Rejected at the $2,000 threshold, it tumbled to $1,850, a fall not seen since the dark days of February 6, when it scraped bottom at $1,750. The market, it seems, has a cruel sense of humor.

“The market just crashed, and Machi(@machibigbrother) was partly liquidated again. But he keeps adding to his $ETH long position. He now holds 1,700 $ETH($3.21M), with a liquidation price of $1,818.74. His total loss has passed $28.8M.”

– Lookonchain (@lookonchain) February 23, 2026

And so, the crypto circus rolls on, a tragicomic spectacle of greed and folly. The whales weep, the traders groan, and the market laughs-a hollow, mirthless laugh that echoes through the digital canyons. In this game of kings and pawns, it seems the only certainty is uncertainty, and the only constant is change. Or, as the old saying goes, “The higher the climb, the harder the fall.” And what a fall it’s been.

2026-02-23 11:32

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