HyperUnit Crypto Whale Opens $55M BTC and ETH Longs
HyperUnit, a crypto whale, has opened $55 million in long positions on Bitcoin and Ethereum via the Hyperliquid exchange. The crypto whale allocated $37 million to BTC longs and $18 million to ETH longs amid a market correction and low Fear & Greed Index reading of 21. Known for netting $200 million from predicting October’s US-China tariff crash, HyperUnit also bought $850 million of Bitcoin during the 2018 bear market and held through cycles to peaks above $10 billion. On-chain data from CryptoQuant and Santiment show reduced exchange balances, suggesting eased selling pressure and a potential price rebound. Bitcoin trades near $100,600, while Ethereum is around $3,600.
Bullish
The deployment of $55 million in long positions by the HyperUnit crypto whale signals confidence in Bitcoin and Ethereum’s near-term rebound. Historically, large whale activity and reduced exchange balances have preceded price gains. The whale’s proven track record—from profiting $200 million during the US-China tariff crash to accumulating $850 million of Bitcoin in the 2018 bear market—reinforces bullish expectations. With market sentiment at a low Fear & Greed Index reading and on-chain data indicating eased selling pressure, short-term trading may respond positively. Over the long term, sustained whale support and declining exchange reserves point to a stable, bullish outlook for both BTC and ETH.