A whale named HyperUnit, who made $200 million last month from the market crash caused by US tariffs on China, has now bet on a Bitcoin and Ethereum comeback, investing $55 million in long positions.
These positions include $37 million in Bitcoin and $18 million in Ethereum on decentralized exchange Hyperliquid. The move has sparked a wave of speculation in the market, as HyperUnit is known for successfully predicting the October crash and several profitable short positions.
Bitcoin is now around $105,350 and Ethereum is around $3,525, and the Fear and Greed Index has fallen to the “extreme fear” level. Analysis shows that long-term investors have also sold some of their holdings since mid-October, but many of them plan to hold onto the bulk of their holdings.
Also, according to sentiment analysts, the decrease in Bitcoin inventory on exchanges compared to the past six months could be a sign that a market bottom is near; because when the supply of a cryptocurrency on exchanges decreases, the risk of heavy selling is limited.
