Hyperliquid Whale Embraces $44.5M ETH Long Position

A prominent Hyperliquid whale, previously known for substantial profits during the October market crash, has reportedly taken a long position worth $44.5 million in Ethereum. This unrevealed information is based on data from on-chain analytics and social media activity, leaving market perception uncertain and potentially impacting Ethereum’s open interest. ⠀⠀⠀⠀⠀⠀⠀⠀⠀

While Hyperliquid sources have not confirmed these reports, rumors of a $200 million profit during the October crash are circulating. Notably, this whale is said to be an experienced Bitcoin investor who leveraged their position on Hyperliquid, leading to speculation about potential market impact.