Whale’s $55M Bet Fuels Bitcoin Comeback

A major crypto whale, known for accurately predicting last month’s crash, is now placing a bold wager—opening long positions worth $55 million in bitcoin and Ethereum. This whale previously profited by about $200 million when the US-China tariff tensions triggered a sharp crypto downturn. Now, the same whale is stepping back into the market, strongly backing bitcoin and ether with renewed confidence.

Through analysis tools, observers saw that the whale allocated $37 million of that bet into bitcoin longs, and another $18 million into ether longs, both executed on a decentralized derivatives platform. The trader—frequently called the “HyperUnit whale”—garnered fame after forecasting the crash on October 10 and successfully capitalizing on it. Since then, this whale has also placed additional profitable short positions, prompting speculation over whether this is a streak that might continue.

This whale isn’t new to the market. Over the past seven years, they amassed roughly $850 million worth of bitcoin during the 2018 bear market and held it through volatile phases until its value soared toward multi-billion levels. Their long timeframe in bitcoin has earned them reputation and insight. At present, bitcoin is trading in a volatile range while ether too experiences significant fluctuation. Bitcoin’s price is off from its all-time high by a notable margin, underscoring the risk and reward that comes with timing these markets. The index measuring crypto sentiment currently sits in the “Fear” zone, reflecting cautious sentiment among investors.

Veteran holders, often dubbed OGs, might not hold indefinitely. Some feel emotionally worn seeing huge portions of their wealth swing dramatically. Even so, many of the largest holders appear determined to remain invested and resist selling. Market data indicates that from early October to early November, long-term holders moved large volumes of bitcoin out of exchanges. That said, analytics suggest the market may already have taken on much of its pain. Fewer bitcoin exist on exchanges now compared to half a year ago, hinting that sellers have diminished and that the lowest point might be in sight.

Through all this, bitcoin continues to remain the central focus—every bet, every shift, every sentiment revolves around bitcoin. From the whale’s bold $55 million positioning to the accumulation behavior of long-term holders, bitcoin is the engine driving the narrative. With repeated references to bitcoin across strategy, trade, and market dynamics, it’s clear that bitcoin dominates both strategy and discourse. This whale’s actions underscore how high-stakes and high-emotion the world of bitcoin trading is.