hyperunit

Crypto Whale Opens $55M Long Positions on Bitcoin and Ethereum
The whale has been active in crypto markets for at least seven years, having purchased $850 million of Bitcoin during the 2018 bear market.

A prominent crypto whale known as HyperUnit has opened $55 million in long positions, betting on a rebound in Bitcoin and Ethereum prices. The trader, who gained fame for making $200 million during the U.S.-China tariff-led market crash last month, is now positioning for upward price movement on decentralized derivatives exchange Hyperliquid.
Crypto analytics platform Arkham identified the whale's new positions in a Monday post on X, revealing a $37 million Bitcoin long and an $18 million Ethereum long. The whale has been active in crypto markets for at least seven years, having purchased $850 million of Bitcoin during the 2018 bear market and holding until its value reached $10 billion.
HyperUnit recently executed two additional profitable short positions following the October tariff crash, prompting Arkham to question whether the trader will achieve success for the fourth consecutive time. The whale's track record of successful market predictions has drawn significant attention from the crypto community monitoring large trader movements.

Bitwise CEO Hunter Horsley suggested that original Bitcoin whales have largely contributed to the recent market correction. He explained Saturday that it can be emotionally taxing for these investors to stay in the market after making 100x or 1000x returns, noting they have lives to live beyond holding crypto assets.
CryptoQuant data shows that long-term holders offloaded 405,000 Bitcoin from approximately Oct. 2 to Nov. 2. However, Horsley emphasized that many of the biggest holders aren't planning to sell their complete holdings, suggesting strategic portfolio management rather than full exit strategies.
Blockchain analytics platform Santiment noted that most market pain may have already been felt, pointing to 208,980 fewer Bitcoin on crypto exchanges compared to six months ago. Despite Bitcoin's market value dropping 14% since its all-time high on Oct. 6, the fact that BTC is generally staying off exchanges presents an encouraging sign.
Santiment explained that when a coin's supply is not moving to exchanges, the risk of further sell-offs becomes limited. The data suggests investors are holding positions rather than transferring assets to exchanges for sale, potentially indicating conviction in future price appreciation.
The HyperUnit whale's substantial long positions represent a contrarian bet against current market sentiment, leveraging the trader's successful track record of timing major market movements.
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