The crypto whale that made $200 million last month from the crypto crash brought on by US-China tariffs is now betting $55 million that Bitcoin and Ethereum will rise again.
Crypto analytics platform Arkham was one among the primary to discover the whale's recent long positions, including a $37 million long Bitcoin position and an $18 million long Ether position on decentralized derivatives exchange Hyperliquid, in an X post on Monday.
The trader, dubbed the “hyperunit whale,” recently gained notoriety for making $200 million by successfully predicting the collapse of the U.S.-China customs market on October 10.
HyperUnit has also produced two more profitable shorts since then, leading Arkham to ask in the event that they're “going to get it right for the FOURTH time in a row?”
Source: Arkham
The whale has been out there for at the very least seven years, buying $850 million value of Bitcoin (BTC) in the course of the 2018 bear market and holding onto it until its value reached $10 billion. And they is likely to be onto something.
Bitcoin is currently trading at $106,598 while Ether is trading at $3,602. Bitcoin is down 15.5% from its all-time high, while Ether is down 27.3% from its record high.
The Crypto Fear & Greed Index is currently within the “fear” range with a worth of 42 out of 100.
Bitcoin OGs Can't Hodl Forever; You have a “life to live”
Hunter Horsley, CEO of crypto asset manager Bitwise, said OG whales were instrumental within the recent market correction, explaining on Saturday that it could possibly be “emotionally draining” for these investors to remain out there after making 100 or 1,000-fold returns.
“They have one life to live / it could possibly be emotionally draining if $100 million or a 3rd of their wealth is lost in a bear market, even whether it is temporary. They plan to maintain much / most of it.”
Data from CryptoQuant also shows that long-term holders dumped 405,000 Bitcoin from October 2nd to November 2nd.
However, Horsley insists a lot of the biggest shareholders don’t have any plans to sell their shares.
The floor might be nearby: Santiment
However, in response to blockchain analytics platform Santiment, a lot of the market pain may already be felt. She noted that there are currently 208,980 fewer BTC on crypto exchanges than there have been six months ago.
“Although Bitcoin’s market value is down 14% since its all-time high on October 6, the indisputable fact that BTC is mostly staying away from exchanges is an encouraging sign.”
“If the availability of a coin doesn’t reach exchanges, the chance of further sell-offs is restricted overall.” 
