Crypto whale HyperUnit has just bet $55 million on Bitcoin and Ethereum longs after earning $200 million predicting October’s crash.
A well-known crypto whale is making headlines again after placing massive long positions on Bitcoin and Ethereum worth $55 million.
The trader, known online as HyperUnit, is betting that the two biggest cryptocurrencies will recover after the recent market correction.
HyperUnit became popular among crypto enthusiasts last month, after reportedly making $200 million by predicting the market crash that followed the US-China tariff dispute in October.
According to Arkham, HyperUnit opened $37 million in Bitcoin long positions and $18 million in Ethereum longs on Hyperliquid.
The Trader With a Winning Streak
The whale’s recent activity has been a source of market buzz because this isn’t their first big move.
HyperUnit has already executed three successful trades over the past two months and Arkham even asked in a post, “Will they get it right for the fourth time in a row?”
THE $10B HYPERUNIT WHALE JUST LONGED $BTC AND $ETH
This address is owned by the Hyperunit whale, who:
– Bought $850M of BTC during the 2018 bear market, and held until it was worth $10B+
– Rotated $5B of BTC into ETH from August-October this year
– Made $200M by successfully… https://t.co/fiQlDWtAOz pic.twitter.com/nvgvGe76lm— Arkham (@arkham) November 3, 2025
Reports indicate that HyperUnit has been active in the market for at least seven years.
They reportedly bought around $850 million worth of Bitcoin during the 2018 bear market and held it through several cycles. This was a move that turned into $10 billion at its peak value.
At the time of writing, Bitcoin now trades around $100,598, while Ethereum sits near $3,602.
Fear Still Lingers in the Market
Despite HyperUnit’s optimism, market sentiment is showing caution remains cautious. The Crypto Fear & Greed Index currently shows a reading of 21, which places it in the “Fear” zone.
Many traders are now uncertain as to whether the current dip is a buying opportunity or the start of a longer decline.
Data from CryptoQuant even shows that long-term holders sold around 405,000 Bitcoin between October 2 and November 2.
Still, analysts believe that many major holders have no plans to exit completely, which means that while some selling may continue, most whales are holding a majority of their assets.
Signs of Stabilisation
Meanwhile, Santiment believes the market may be close to stabilising. According to their data, the total Bitcoin supply held on exchanges has dropped by nearly 209,000 BTC over the past six months.
Santiment analysts say this is a healthy signal because when fewer coins sit on exchanges, the risk of sudden sell-offs tends to decrease.
This could help form a base for Bitcoin’s next upward move if broader conditions align.
Bitcoin Holds Key Support Zone
After a strong run earlier this year, Bitcoin ended October in negative territory for the first time since 2019. According to CoinGecko, it has fallen about 4.4% over the last 24 hours and now trades near $100,000.
The decline pulled the wider crypto market down by 2.2% and reduced total market capitalisation to around $3.64 trillion.
Data from Coinglass shows that the selloff triggered over $1.16 billion in long position liquidations on November 3.
Some of this weakness also came after Federal Reserve Chair Jerome Powell confirmed that quantitative tightening was ending. However, his later remarks cooled expectations for a December rate cut.
The post This Crypto Whale Is Buying Bitcoin And Ethereum Despite The Market Crash appeared first on Live Bitcoin News.