Market crash profits 200 million dollars! Crypto Assets Whale again invests 55 million in long positions for a rebound.

In October, a Crypto Assets Whale profited $200 million from the big dump in cryptocurrencies triggered by Trump's tariffs, and now he is betting $55 million that Bitcoin and Ethereum will rise again, including holding $37 million in long positions of Bitcoin and $18 million in long positions of Ethereum on the decentralized derivatives trading platform Hyperliquid.

HyperUnit turns to long positions after three consecutive wins with 55 million

(Source: Arkham)

The cryptocurrency whale known as “HyperUnit Whale” recently gained fame by earning $200 million for successfully predicting the market crash of U.S.-China tariffs on October 10. When Trump suddenly announced a 100% tariff on Chinese imports, global financial markets fell into panic, with Bitcoin plummeting over 15% from its peak, and more than $20 billion in crypto assets open contracts were forcibly liquidated. It was in this chaos that the large short positions established early by HyperUnit yielded substantial returns.

After that, HyperUnit successfully completed two profitable short positions, prompting Arkham to ask if they could “get it right for the fourth consecutive time”? This question highlights HyperUnit's operating record: in the past few weeks, this Crypto Assets Whale has successfully predicted market direction and profited three times in a row, with an astonishing accuracy rate. Now he has chosen to switch from short positions to long positions, establishing a $55 million long position, which itself is a strong market signal.

The crypto analysis platform Arkham is one of the first to identify new long positions of crypto whales in a Monday X post, which includes a Bitcoin long position worth $37 million and an Ethereum long position worth $18 million held on the decentralized derivatives trading platform Hyperliquid. This position allocation shows that HyperUnit is optimistic about both major cryptocurrencies, but leans more towards Bitcoin (67% of the fund allocation is in BTC).

A position size of 55 million USD is quite substantial in the derivatives trading market. If using 10x leverage (Hyperliquid allows for higher leverage), the actual control value of this position could reach 550 million USD, having a significant impact on market prices. Bitcoin is currently trading at 106,598 USD, and Ethereum is trading at 3,602 USD. Bitcoin has fallen 15.5% from its all-time high, while Ethereum has fallen 27.3% from its all-time high. HyperUnit chooses to establish long positions at this relatively low level, indicating he believes the current price is attractive and the market is about to rebound.

HyperUnit Operation Timeline

2018 Bear Market: Purchased 850 million USD in BTC, held until 1 billion USD (approximately 11 times return)

October 10: Precise short selling of tariffs big dump, profit of 200 million dollars

Mid to late October: Continuously profitable shorting twice

Early November: Shift to long positions, establish a position of 55 million USD in BTC+ETH long positions.

The Legendary Holding Strategy from 850 Million to 10 Billion

(Source: Arkham)

This crypto assets whale has been active in the Bitcoin market for at least seven years, purchasing $850 million worth of Bitcoin during the 2018 bear market and holding it until its value reached $10 billion. This operation is considered one of the most successful cases in the crypto market, demonstrating the core qualities of top traders: contrarian thinking, long-term vision, and ironclad position discipline.

The 2018 bear market was one of the darkest periods in Bitcoin's history. The price of Bitcoin plummeted from nearly $20,000 in December 2017 to $3,200 in December 2018, a decline of 84%. Market panic spread, and the media declared “Bitcoin is dead,” leading to mass exits by retail investors. It was in this atmosphere of extreme pessimism that HyperUnit invested $850 million to buy against the trend.

This kind of operation requires a strong belief and a deep understanding of market cycles. $850 million is not a small investment, and in the market environment of 2018, such a scale of buying might have been ridiculed and questioned by peers. However, HyperUnit clearly saw through the essence of the cycle: bear markets are the best time to accumulate, and when market panic reaches its peak, it is often the best buying opportunity.

Holding up to 10 billion dollars means about 11 times return (from 850 million to 10 billion). This return rate seems less than the short-term windfall for retail investors in a bull market, but considering the scale of funds, this is an extremely impressive achievement. A scale of 850 million dollars means that each buy or sell will have an impact on the market. Establishing such a large position and holding it for several years without significantly affecting the price requires excellent execution skills and strong psychological qualities.

More importantly, HyperUnit chose to hold its position instead of cashing out completely when the value reached 10 billion USD, demonstrating his long-term optimism about Bitcoin. This “wanting to earn more after making a profit” mentality stands in stark contrast to the “securing profits” mindset of ordinary investors, and also explains why top Crypto Assets Whales can accumulate such astonishing wealth.

Contradictory signals of the old whale sell-off wave and the decline in exchange reserves

Hunter Horsley, the CEO of the crypto asset management company Bitwise, stated that established crypto asset whales are the main reason for the recent market adjustment. He explained on Saturday that for these investors, staying in the market after achieving 100x or 1000x returns can “put a lot of emotional stress on them.”

“They still have lives to live, even if just temporarily. Watching 100 million dollars or a third of their wealth evaporate in a bear market can be a significant emotional blow. They plan to continue holding most of their assets.” This statement reveals the unique psychological challenges faced by cryptocurrency whales. When paper wealth reaches billions of dollars, even a 10% pullback means hundreds of millions of dollars in losses, and such volatility is a tremendous test of psychological resilience.

CryptoQuant's data also shows that from around October 2 to November 2, long-term holders sold off 405,000 Bitcoins. Such a large-scale sell-off has put significant pressure on the market in the short term, partly explaining why the price of Bitcoin has struggled to break through $110,000. 405,000 Bitcoins are worth about $43 billion at current prices, and such a scale of supply increase requires an equal demand to absorb it.

Nonetheless, Horsley insists that many of the largest shareholders do not plan to sell their stakes. This strategy of “taking some profits while retaining most of the positions” is a rational risk management approach, locking in some gains to improve life while keeping the possibility of participating in future upswings.

However, the blockchain analysis platform Santiment pointed out that most of the market pain may have passed, as the number of Bitcoin in crypto exchanges has decreased by 208,980 compared to six months ago. “Although Bitcoin's market value has fallen by 14% since hitting an all-time high on October 6, an encouraging sign is that BTC has not been traded on exchanges overall. Generally, when the supply of a cryptocurrency does not flow into exchanges, the risk of further sell-offs is limited.”

This contradictory signal — long-term holders selling 405,000 BTC, but exchange reserves decreasing by 209,000 BTC — can be interpreted as: old Whales selling to institutional buyers off-market or through block trades, with these Bitcoins going directly into institutional custody rather than exchanges. This off-market trading model reduces the immediate impact on market prices and explains why the massive sell-off did not trigger a more severe price fall.

Fear Index 42 and the Inverse Logic of HyperUnit

The Crypto Assets Fear and Greed Index is currently in the “Fear” zone, scoring 42 points (out of a maximum of 100 points). This indicator aggregates multiple factors such as volatility, trading volume, social media sentiment, market dominance, and trends; lower values indicate greater fear in the market. A reading of 42 points shows that market sentiment is leaning towards pessimism, but has not yet reached extreme panic levels (usually below 20 points is considered extreme panic).

For the cryptocurrency Whale HyperUnit, a fear index of 42 may be the ideal time to establish long positions. One of the core strategies of top traders is “be fearful when others are greedy,” buying when market sentiment is low and selling when the market is euphoric. HyperUnit has established a $55 million long position in the fear zone, perfectly embodying this contrarian investment philosophy.

According to historical data, when the fear and greed index is in the range of 30-45 points, it is often a good time for medium to long-term buying. This range indicates that the market has digested most of the panic emotions but has not yet turned to greed, which usually corresponds to a phase bottom or consolidation area in prices. If HyperUnit's judgment is correct, when the fear index rises to the greed zone of 60-70 points, his $55 million long positions may have already gained considerable profits.

Arkham's question “Can you get it right for the fourth consecutive time” is not only a challenge to HyperUnit but also a question for the entire market. If this legendary crypto whale really predicts the market direction accurately for four times in a row, it will further solidify its mythical status in the crypto community and attract more investors to follow its moves. However, investors should remember that even the most successful traders can make mistakes, and blindly following trades carries significant risks.