Crypto whale who nailed the October crash opens $55M BTC and ETH longs
A successful crypto whale, known as HyperUnit, has opened $55 million in long positions for Bitcoin and Ether after correctly predicting the October crash.Summary
The crypto whale known as "HyperUnit," who reportedly made $200 million by correctly predicting the US-China tariff-led crypto market crash in October, is now betting on a rebound. This whale has opened $55 million in long positions on the decentralized derivatives exchange Hyperliquid, consisting of a $37 million Bitcoin long and an $18 million Ether long, as identified by Arkham Intelligence. HyperUnit has a long history in the market, having previously held a significant Bitcoin position since 2018. The move comes as Bitcoin is down about 15.5% from its all-time high and Ether is down 27.3%. Despite recent selling pressure from long-term holders, analytics firms like Santiment suggest the market pain might be limited, noting that Bitcoin supply on exchanges has decreased, indicating a reduced risk of further sell-offs.
(Source：Cointelegraph)