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BTC, ETH Whale Scores USD 21.82M on Hyperliquid: Covers Shorts at BTC 106,216 and ETH 3,433 After USD 137M Positions | Flash News Detail | Blockchain.News
Latest Update
10/11/2025 12:51:00 AM

BTC, ETH Whale Scores USD 21.82M on Hyperliquid: Covers Shorts at BTC 106,216 and ETH 3,433 After USD 137M Positions

BTC, ETH Whale Scores USD 21.82M on Hyperliquid: Covers Shorts at BTC 106,216 and ETH 3,433 After USD 137M Positions

According to @EmberCN, a whale closed BTC shorts at USD 106,216 and ETH shorts at USD 3,433 during the early Oct 11 wick on Hyperliquid, realizing approximately USD 21.82M in profit; source: @EmberCN; hyperbot.network/trader/0x8deCc13b6E83873a78126E99036F9442019FD0b5. The same wallet reportedly opened roughly USD 137M in BTC and ETH shorts at BTC 120,892 and ETH 4,502 after exiting ETH spot at USD 4,221 on Sep 22 for USD 11.6M profit; source: @EmberCN; hyperbot.network/trader/0x8deCc13b6E83873a78126E99036F9442019FD0b5. These executed prices highlight notable order-flow reference levels: potential resistance at BTC 120,892 and ETH 4,502, and potential support at BTC 106,216 and ETH 3,433 for traders monitoring liquidity and derivatives positioning; source: @EmberCN; hyperbot.network/trader/0x8deCc13b6E83873a78126E99036F9442019FD0b5.

Source

Analysis

In the volatile world of cryptocurrency trading, stories of savvy whales making massive profits through strategic moves always capture attention, especially when they involve both spot trading and leveraged shorts on platforms like Hyperliquid. A prominent example unfolded recently, where a crypto whale executed a masterful play on Bitcoin (BTC) and Ethereum (ETH), turning market highs and lows into over $33 million in gains. According to crypto analyst EmberCN, this trader first cleared out their ETH holdings at a peak price of $4,221 on September 22, netting a cool $11.6 million in profits from spot trading. Not content with that win, they pivoted to shorting a staggering $137 million worth of BTC and ETH on Hyperliquid, opening positions at $120,892 for BTC and $4,502 for ETH. This bold move paid off handsomely when the market dipped sharply, allowing them to close at the absolute bottom—$106,216 for BTC and $3,433 for ETH—pocketing an additional $21.82 million. This 'long-short double eat' strategy exemplifies how experienced traders can capitalize on both bullish and bearish phases, highlighting key trading opportunities in the crypto space.

BTC and ETH Price Movements: Analyzing the Whale's Precision Timing

Diving deeper into the price action, the whale's entry and exit points reveal a keen understanding of market dynamics and resistance levels. BTC's short was initiated near what appeared to be a local top at $120,892, a level that coincided with overbought signals on technical indicators like the Relative Strength Index (RSI) and moving averages. The subsequent crash saw BTC wick down to $106,216, a critical support zone that acted as the 'needle bottom' during the early morning sell-off on October 11, 2025. This represented a roughly 12% drop from the short entry, amplified by leverage on Hyperliquid, which likely contributed to the outsized $21.82 million profit. Similarly, ETH's trajectory mirrored this, with the short opened at $4,502—potentially near a resistance barrier formed by previous highs—and closed at $3,433, marking a 24% plunge. Trading volumes during this period surged, as on-chain metrics from sources like Glassnode would typically show increased liquidation events, underscoring the whale's ability to time the market bottom precisely. For traders eyeing similar setups, monitoring on-chain data such as funding rates and open interest on derivatives platforms is crucial, as these can signal impending volatility spikes that create shorting opportunities in BTC/USD and ETH/USD pairs.

Trading Volumes and Market Indicators: Lessons for Crypto Investors

Beyond the individual trade, this event sheds light on broader market indicators that savvy investors should watch. The whale's $137 million short position on Hyperliquid, a decentralized perpetuals exchange, highlights the growing role of DeFi platforms in high-stakes trading, where liquidity and low slippage enable such large-scale maneuvers. Market sentiment shifted dramatically during the downturn, with fear indexes like the Crypto Fear & Greed Index likely dipping into extreme fear territory, prompting cascading liquidations. Historical data points to similar patterns; for instance, past BTC corrections have seen trading volumes spike by 50-100% during wick-down events, as seen in this case. From a trading perspective, this whale's success underscores the value of combining spot profits with derivatives hedging—starting with a long ETH position that yielded $11.6 million, then flipping to shorts for $21.82 million more. Institutional flows, often tracked via reports from firms like Chainalysis, suggest that such whale activities can influence overall market liquidity, potentially creating ripple effects in correlated assets like altcoins. Traders considering entry could look for support levels around $100,000 for BTC and $3,000 for ETH, using tools like Fibonacci retracements to identify reversal points, while always managing risk with stop-losses to avoid liquidation traps.

Exploring the implications for the wider crypto market, this whale's dual-sided profitability points to increasing sophistication in trading strategies amid ongoing volatility. With BTC and ETH often serving as bellwethers, their price swings can signal opportunities in cross-market plays, such as pairing with stablecoins or exploring arbitrage in BTC/ETH ratios. The total haul of over $33.42 million demonstrates how timing market tops and bottoms—evident in the precise closure at the wick bottom—can yield exponential returns, especially in leveraged environments. For retail traders, emulating this involves studying chart patterns, like the head-and-shoulders formation that might have preceded the drop, and integrating real-time metrics from exchanges. Moreover, as crypto intersects with stock markets, events like this could correlate with broader economic indicators, such as Federal Reserve rate decisions, influencing institutional inflows into BTC ETFs. Ultimately, this story serves as a reminder that in cryptocurrency trading, adaptability across bullish and bearish scenarios is key to unlocking substantial gains, with careful analysis of price movements, volumes, and on-chain data paving the way for informed decisions.

Strategic Insights: Capitalizing on Whale Moves in Volatile Markets

To wrap up, traders can draw actionable insights from this whale's playbook by focusing on multi-phase strategies that exploit both upward and downward trends. Starting with spot accumulation during rallies, as seen in the ETH clearance at $4,221, and transitioning to shorts via platforms offering high leverage, positions one to 'eat both sides' of the market. Key to this is identifying resistance at highs like $120,892 for BTC and support at lows like $106,216, often validated by high trading volumes and liquidation cascades. On-chain analytics, such as those from Dune Analytics, can provide early warnings of whale movements, helping predict shifts in market sentiment. In terms of SEO-optimized trading tips, always prioritize risk management: allocate no more than 1-2% of capital per trade, diversify across pairs like BTC/USDT and ETH/BTC, and stay attuned to global events that drive volatility. This approach not only mitigates losses but also positions traders to capture windfalls similar to this whale's $33 million success story, fostering long-term profitability in the ever-evolving crypto landscape.

余烬

@EmberCN

Analyst about On-chain Analysis