Hyperunit whale significantly increases ETH long position by more than a billion USD as the market weakens

A notorious cryptocurrency “whale” has just made headlines by opening a long position of over half a billion USD on (Ethereum) (ETH) on the Hyperliquid exchange.

According to data from Arkham Intelligence, this entity — often referred to by investors as the “$10 billion Hyperunit whale” — withdrew $110 million from Binance on Friday to increase exposure to ETH, raising the total position value to over $531 million. However, at present, this transaction is showing an unrealized loss of approximately $14.4 million.

Source: Arkham Intelligence Not only betting heavily on Ethereum, the Hyperunit whale also holds long positions in Bitcoin (BTC) and Solana (SOL), with respective sizes of about $90 million and $33 million.

Source: Arkham Intelligence This whale, known for causing market shocks by converting $850 million worth of Bitcoin into a portfolio valued at up to $10 billion, is known for its ability to “sense” major market turning points. Their trading activities in recent months often occur just as prices are about to experience significant volatility.

Previously, during the deep market plunge in October, the Hyperunit whale opened short positions in Bitcoin totaling $485 million, earning over $200 million as BTC prices plummeted.

Bitcoin, Ethereum continue to weaken after Fed’s move

The cryptocurrency market is facing clear correction pressures after the U.S. Federal Reserve (Fed) announced a hawkish interest rate cut decision early Thursday morning. Although the rate was lowered by 25 basis points, the Fed signaled caution, with officials forecasting only one more rate cut in 2026, dampening medium-term expectations for monetary easing.

In response to this stance, Bitcoin has fallen about 4% since the Fed’s decision, retreating to test the psychological support zone of $90,000 at the time of writing.

Selling pressure has also spread to major altcoins. Ethereum dropped 4% in the past 24 hours, bringing its total decline since Wednesday to around 8% after losing an important support level of $3,100. Solana is also following the overall trend, recording a roughly 7% decrease since the Fed’s policy announcement.

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