The crypto whale who made $200 million correctly predicting last month’s tariff-induced crash just opened massive new positions betting on a rebound. Known as “HyperUnit,” this trader is now long $37 million in Bitcoin and $18 million in Ethereum on decentralized exchange Hyperliquid.
This whale’s got a legendary track record. They bought $850 million worth of Bitcoin during the 2018 bear market and held it until the value hit $10 billion. Then they nailed the October 10th crash when US-China tariff tensions sent crypto plummeting, making $200 million on that short alone. They’ve executed two more profitable shorts since then.
Now they’re betting the other way, which has Arkham asking if they’ll “get it right for the FOURTH time in a row?”
Bitcoin’s currently trading around $103,598, down 15.5% from its all-time high, while Ethereum sits at $3,492, down 27.3% from its peak. The Crypto Fear & Greed Index is in the “Fear” zone at 42 out of 100.
Bitwise CEO Hunter Horsley pointed out that long-term holders sold 405,000 Bitcoin from early October to early November. He said it’s “emotionally taxing” for OG whales to watch their wealth drop even temporarily, though most plan to keep holding.
Santiment notes there are 208,980 fewer Bitcoin on exchanges compared to six months ago, suggesting accumulation despite the 14% drop since October’s all-time high.
Conclusion
HyperUnit whale, who made $200 million on the October crash, opened $55 million in combined long positions in Bitcoin and Ethereum, betting on a rebound amid market fear.
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