 
 
A legendary Bitcoin whale who earned $200 million by shorting Bitcoin just before the October flash crash, which was sparked by President Donald Trump’s aggressive tariff announcement on China, is now betting on a recovery in Bitcoin and Ether.
Is the bottom in for BTC and ETH?
Whale Places $55 Million Bitcoin And Ether Long Bet
On Monday, the whale placed a new bullish bet, comprising a $37 million long position on BTC and an $18 million ETH long position via the decentralized exchange Hyperliquid, according to data from Arkham.
The new positions emerged as the crypto market opened November on the back foot after closing out its worst October in ten years. In particular, Bitcoin sank below $105,000 on Tuesday as selling across crypto majors deepened in the wake of last week’s Federal Reserve decision.
Popularly known as the “Hyperunit whale,” the trader first caught attention after on-chain analysts noticed they opened a massive short position just minutes before U.S. President Trump announced an additional 100% tariff on Chinese imports, on top of the existing 30% tariffs. The ensuing price crash on Oct. 10 yielded huge profits for the trader and triggered suspicions of insider trading.
 
Since then, the whale has executed two more profitable shorts, which now has Arkham wondering whether they will “Get it right for the FOURTH time in a row.”
Notably, HyperUnit has been in the market for around seven years, buying up $850 million worth of Bitcoin during the 2018 crypto winter and HODLing the stash until its value hit $10 billion. The mysterious trader also rotated $5B of BTC into ETH from August to October this year — and they may be onto something with their well-timed bets.
The world’s oldest and largest cryptocurrency, Bitcoin, has fallen 3% in the past 24 hours, trading hands at around $104,317, according to CoinGecko data. Ether, meanwhile, is down 5.3% on the day to hover around $3,506.40.