In a stunning turnaround, the legendary crypto whale who pocketed a whopping $200 million by predicting last month’s US-China tariff-fueled market crash is now going all-in on a rebound. Betting big with $55 million in long positions on Bitcoin and Ether, this trader is signaling confidence amid market fear—could this be the spark that reignites the bull run?
The whale, dubbed the “Hyperunit whale” by analytics firm Arkham, has opened a $37 million Bitcoin long and an $18 million Ether long on the decentralized exchange Hyperliquid. This move comes hot on the heels of three consecutive profitable shorts, including the massive tariff crash play on October 10. With a track record spanning seven years, this investor scooped up $850 million in Bitcoin during the brutal 2018 bear market, holding it until it ballooned to $10 billion. Arkham is buzzing: Will they nail it for the fourth time?
Market Tremors and Whale Wisdom
Bitcoin is hovering at $106,598, down 15.5% from its all-time high, while Ether trades at $3,602, off 27.3% from its peak. The Crypto Fear & Greed Index sits in the “Fear” zone at 42/100, reflecting widespread jitters. Bitwise CEO Hunter Horsley points out that veteran whales like this one often cash out after massive gains—it’s emotionally draining to watch fortunes fluctuate. Recent data from CryptoQuant shows long-term holders dumping 405,000 Bitcoin between early October and November.
Yet, there’s a silver lining. Blockchain analytics from Santiment reveal 208,980 fewer BTC on exchanges than six months ago, suggesting reduced sell-off risks. As supply stays off platforms, the market could stabilize, paving the way for the whale’s optimistic longs to pay off.
In the volatile world of crypto, moves like this from OG players can shift sentiment overnight. With geopolitical tensions easing and institutional interest brewing, this whale’s bet might just be the contrarian call that turns fear into greed.