The crypto whale known as HyperUnit, who made headlines last month for accurately predicting the US-China tariff-induced market crash, is now making another bold move. The trader, credited with earning over $200 million from the October downturn, has opened new long positions worth $55 million in Bitcoin (BTC) and Ethereum (ETH) — signaling renewed bullish sentiment in the market.
Blockchain analytics platform Arkham Intelligence first reported the whale’s positions in a post on X (formerly Twitter) on Monday. According to Arkham, HyperUnit’s latest trades include a $37 million long position on Bitcoin and an $18 million long on Ethereum executed through the decentralized derivatives exchange Hyperliquid.
A Whale with a Winning Track Record
HyperUnit rose to prominence in early October when the trader correctly anticipated the market crash triggered by global tariff tensions between the United States and China. The prediction allowed the whale to capitalize on the event, reportedly earning $200 million during the widespread sell-off on October 10.
Since then, HyperUnit has maintained an impressive winning streak, successfully executing two more profitable short positions. This has prompted Arkham and other on-chain analysts to closely monitor the wallet’s activity, asking whether the trader can “get it right for the fourth time in a row.”
The whale’s market experience goes back several years. On-chain data reveals that HyperUnit has been active since at least 2018, when they accumulated approximately $850 million worth of Bitcoin during the bear market. That same holding later surged in value to around $10 billion at Bitcoin’s peak — cementing HyperUnit’s reputation as one of the most skilled and patient investors in the crypto space.
Market Conditions Hint at Possible Bottom
At the time of writing, Bitcoin is trading around $106,598, while Ethereum is near $3,602, according to data from CoinGecko. Both assets have experienced significant pullbacks from their all-time highs — with Bitcoin down about 15.5% and Ethereum down 27.3%.
The Crypto Fear & Greed Index currently sits at 42 out of 100, placing the market in the “Fear” zone. This marks a sharp decline from earlier optimism seen in October when the index hovered in the “Greed” territory, reflecting reduced investor confidence amid ongoing volatility.
Despite the drop, several on-chain metrics indicate that a potential market bottom may be forming. According to blockchain analytics firm Santiment, there are currently 208,980 fewer BTC on centralized exchanges compared to six months ago — a positive sign suggesting that investors are moving their holdings to self-custody wallets rather than preparing to sell.
Bitcoin OGs Begin to Take Profits
While HyperUnit is betting on a rebound, some long-term holders — often referred to as “Bitcoin OGs” — appear to be taking profits after years of accumulation.
Hunter Horsley, CEO of crypto asset manager Bitwise, commented that it’s natural for early investors to trim their positions after realizing enormous gains. “They’ve got life to live,” Horsley said, noting that it can be emotionally difficult for whales to see large portions of their wealth fluctuate with every market cycle.
Data from CryptoQuant supports this observation, showing that long-term holders offloaded around 405,000 BTC between October 2 and November 2. However, Horsley emphasized that many of the biggest holders still plan to retain the majority of their Bitcoin, believing in its long-term value proposition.
Analysts See Signs of Market Recovery Ahead
Although the recent market correction has spooked investors, analysts believe that much of the downside pressure has already been absorbed. Santiment noted that despite Bitcoin’s 14% drop since early October, exchange outflows and increased long-term accumulation suggest that sentiment could soon shift back toward optimism.
Some traders interpret HyperUnit’s new long positions as a vote of confidence in an upcoming recovery phase. If history is any indication, the whale’s moves often precede broader market reversals.
Additionally, seasonal trends offer further optimism. Historically, November has been one of Bitcoin’s strongest months, with average gains exceeding 40% across past cycles. This pattern, combined with reduced selling pressure and strategic whale accumulation, may hint at the possibility of a year-end rally — something crypto enthusiasts are already dubbing “Moonvember.”
Conclusion
The return of the HyperUnit whale with fresh $55 million long positions has reignited hope among crypto traders who have endured weeks of bearish sentiment. With key technical indicators suggesting accumulation and long-term holders maintaining confidence, the market could be on the brink of recovery.
Whether this bold move marks another winning streak for HyperUnit or a mistimed bet remains to be seen, but one thing is certain — when this whale makes a move, the crypto world pays attention.
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