Whale who correctly predicted the October Crash now opens a US$55 million long for Bitcoin & Ether!

Article Summary:

• A whale named “HyperUnit” opened a new US$55 million (≈ Rp913.99 billion) long position in Bitcoin (BTC) and Ethereum (ETH) on Hyperliquid, according to Arkham data and a Cointelegraph report.
• Market participants considered this move significant as the same whale previously raked in US$200 million (≈ Rp3.32 trillion) during the October 10 crash due to US-China tariff tensions.
• With the Crypto Fear & Greed index still in the Fear zone (42/100), this position can be read as a bet that the decline has started to be limited.

Jakarta, Pintu News – The crypto whale known as “HyperUnit” is on the move again. According to a report by Cointelegraph (Brayden Lindrea) and analytics data from Arkham, this address just opened a large US$55 million (≈ Rp913.99 billion) long position in the Hyperliquid on-chain derivatives market.

The breakdown: US$37 million (≈ IDR 614.86 billion) for Bitcoin (BTC) and US$18 million (≈ IDR 298.92 billion) for Ethereum (ETH). This move attracted attention as the same actors had previously correctly read the October 10 crash and made profits of around US$200 million (≈ Rp3.32 trillion) from short positions against the market.

HyperUnit Believes in BTC-ETH Rebound

According to Arkham, this position was opened when Bitcoin (BTC) was trading at around US$106,598 (≈ Rp1.77 billion) and Ethereum (ETH) at around US$3,602 (≈ Rp59.83 million). Cointelegraph emphasizes that both assets are currently quite far from their all-time highs: BTC is down about 15.5%, while ETH is down about 27.3%. With prices underdrawing, opening a large-value long from an account with an accurate track record is often read by the market as a signal of confidence in a short-term recovery.

Arkham even questioned whether this whale would be “right for the fourth time”, because after the October 10 crash, HyperUnit had also executed two other profitable shorts. This kind of consistency makes its movements a market-moving signal for on-chain derivatives traders.

Also Read: 5 Shocking Ethereum (ETH) Predictions from Robert Kiyosaki that Made Crypto Hunted by Whales

Selling Pressure from “OG Whales” Starting to Fade?

Interestingly, this HyperUnit movement comes at a time when some on-chain data actually shows selling pressure from long holders. Bitwise CEO Hunter Horsley, quoted by Cointelegraph, explained that many OG whales end up selling some of their holdings due to psychological factors: it’s hard to see tens to hundreds of millions of dollars evaporate when the market corrects, even though they still believe the long-term trend is bullish. As Horsley puts it, “they keep most of it, but they also have to live.”

CryptoQuant data supports this view: from October 2 to November 2, long-term holders released about 405,000 BTC into the market. Assuming a price range of US$105,000, that’s equivalent to hundreds of trillions of rupiah. It’s pressure like this that makes it difficult for the post-October crash rally to climb quickly.

Positive Signals: Fewer BTC on Exchanges

However, analytics platform Santiment, also cited by Cointelegraph, sees signs of abottoming process. They point to the fact that in the last 6 months, there were approximately 208,980 BTC less on exchanges. At a rate of 1 BTC ≈ US$106,000, that equates to more than US$22 billion (≈ Rp365.6 trillion) not on exchanges. According to Santiment, if coins are not moving to exchanges, the risk of forced sells and panic sells tends to be lower.

Combined with the Crypto Fear & Greed Index still at 42 (Fear zone), these conditions are often read by experienced traders as a phase where the market is “scared, but not crushed”-an ideal space for large speculators to start accumulating or opening measured longs.

Also Read: Can You Live Only on Crypto? Here are 3 Sources of Income & Challenges You Need to Know About

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Brayden Lindrea. Crypto whale who nailed the October crash opens $55M BTC and ETH longs. Accessed on November 4, 2025