Crypto Whale Opens $55M Long Positions on Bitcoin and Ethereum
The whale has been active in crypto markets for at least seven years, having purchased $850 million of Bitcoin during the 2018 bear market.
A prominent crypto whale known as HyperUnit has opened $55 million in long positions, betting on a rebound in Bitcoin and Ethereum prices. The trader, who gained fame for making $200 million during the U.S.-China tariff-led market crash last month, is now positioning for upward price movement on decentralized derivatives exchange Hyperliquid.
Crypto analytics platform Arkham identified the whale’s new positions in a Monday post on X, revealing a $37 million Bitcoin long and an $18 million Ethereum long. The whale has been active in crypto markets for at least seven years, having purchased $850 million…
