Whale Who Earned $200 Million on Crash Goes Long $55 Million in Bitcoin and Ethereum
A veteran crypto whale known as HyperUnit—who pocketed roughly $200 million during October’s market meltdown—has re-entered the market with new long positions worth $55 million on Bitcoin and Ethereum, signaling renewed confidence in a near-term recovery.
From shorting the crash to betting on the bounce
Analytics firm Arkham Intelligence was the first to identify the positions on November 3. According to its data, HyperUnit opened a $37 million long on Bitcoin and an $18 million long on Ethereum through the decentralized derivatives exchange Hyperliquid.
The move follows an October in which the trader reportedly earned $200 million by shorting the market during the U.S.–China tariff conflict that sparked a sharp sell-off across digital assets. While many investors fled to stablecoins, HyperUnit used high-leverage futures to capitalize on the downturn, closing positions as BTC touched $103 000.
A long-term player with a strategic track record
Blockchain data suggest HyperUnit has been active for at least seven years. During the 2018 bear market, the whale purchased roughly $850 million worth of Bitcoin and held it through multiple cycles until the portfolio peaked above $10 billion.
Analysts believe the trader’s recent move reflects a shift from short-term volatility plays to medium-term accumulation. “Smart money is starting to position for Q1 2026 as macro headwinds ease,” said market strategist Evan Porter. “HyperUnit’s long is a signal that institutional-grade traders see value returning to crypto.”
Bitcoin and Ethereum retesting support zones
After a turbulent October, Bitcoin has stabilized around $107 000 while Ethereum hovers near $5 200. The market remains sensitive to macro factors—including U.S. tariff policy and liquidity outflows from exchange-traded funds—but on-chain metrics show renewed buying interest from whales and long-term holders.
Funding rates on major futures exchanges have turned neutral, suggesting a potential shift in momentum toward bullish positions. HyperUnit’s entry adds credibility to the view that the market may be approaching a short-term bottom.
Institutional confidence and market sentiment
Arkham’s report notes that HyperUnit is often copied by smaller funds and quant desks that mirror whale trades via on-chain signals. Such behavior can amplify market momentum once a trend is confirmed. However, analysts warn that leverage across derivative markets remains high and corrections could still occur if macro volatility returns.
“The difference this time is that whales are building positions slowly, not chasing the rally,” said crypto derivatives expert Lara Mendoza. “That discipline is a sign of maturity in the space.”
Conclusion
HyperUnit’s $55 million long positions mark a turning point for crypto sentiment after a month of fear and liquidations. Whether this bet signals the beginning of a broader recovery or another strategic cycle play, the market will be watching closely — because when this whale moves, the waves follow.
Editorial Team — CoinBotLab