TLDR
- Crypto whale known as “HyperUnit” opened $55 million in long positions on Bitcoin ($37M) and Ethereum ($18M) through Hyperliquid exchange
- The same whale previously made $200 million profit by correctly predicting the October 10 US-China tariff market crash
- Bitcoin currently trades at $106,598 (down 15.5% from ATH) while Ethereum trades at $3,602 (down 27.3% from ATH)
- Long-term Bitcoin holders sold 405,000 BTC between October 2 and November 2, according to CryptoQuant data
- Analytics platform Santiment reports 208,980 fewer BTC on exchanges compared to six months ago, suggesting limited sell-off risk
A crypto trader known as “HyperUnit” has placed $55 million in long positions on Bitcoin and Ethereum. The move comes after the whale made $200 million by correctly predicting last month’s market crash.
Crypto analytics platform Arkham identified the new positions on Monday. The whale invested $37 million in Bitcoin and $18 million in Ethereum on Hyperliquid, a decentralized derivatives exchange.
THE $10B HYPERUNIT WHALE JUST LONGED $BTC AND $ETH
This address is owned by the Hyperunit whale, who:
– Bought $850M of BTC during the 2018 bear market, and held until it was worth $10B+
– Rotated $5B of BTC into ETH from August-October this year
– Made $200M by successfully… https://t.co/fiQlDWtAOz pic.twitter.com/nvgvGe76lm— Arkham (@arkham) November 3, 2025
HyperUnit gained attention in October after profiting from the US-China tariff-led market crash on October 10. The trader has since completed two more profitable short positions. Arkham asked whether the whale would “get it right for the fourth time in a row.”
The whale has been active in crypto markets for at least seven years. During the 2018 bear market, HyperUnit purchased $850 million worth of Bitcoin. The trader held those coins until the value reached $10 billion.
Bitcoin currently trades at $106,598, down 15.5% from its all-time high. Ethereum sits at $3,602, down 27.3% from its record high. The Crypto Fear and Greed Index shows a score of 42 out of 100, placing the market in the “Fear” zone.
Long-Term Holders Reduce Positions
Bitwise CEO Hunter Horsley explained that original Bitcoin whales have contributed to the recent market correction. He said on Saturday that staying invested after making 100x or 1000x returns can be emotionally taxing.
“They’ve got life to live / it can be emotionally taxing to see $100M or 1/3 of their wealth gone in a bear market, even if temporary,” Horsley wrote. He added that many plan to keep holding most of their Bitcoin.
CryptoQuant data shows long-term holders sold 405,000 Bitcoin between October 2 and November 2. This selling pressure occurred during the market correction period.
Horsley maintains that many large holders are not planning to sell their full positions. These investors remain committed to their long-term holdings despite short-term market movements.
Exchange Supply Decreases
Blockchain analytics platform Santiment suggests the market correction may be nearing its end. The firm reported that crypto exchanges hold 208,980 fewer Bitcoin compared to six months ago.
“Despite Bitcoin’s market value dropping 14% since its all-time high back on October 6th, an encouraging sign is the fact that BTC is generally staying off of exchanges,” Santiment stated. The platform noted that when coin supply does not move to exchanges, the risk of further sell-offs is limited.
