Despite a recent market downturn in the cryptocurrency space, several prominent whales are demonstrating strong bullish sentiment by opening substantial long positions on major assets like BTC and ETH through the Hyperliquid platform. According to blockchain analytics expert @lookonchain, trader 0x9553 has initiated their first position on Hyperliquid, opting for a 40x leveraged long on 179.59 BTC, valued at approximately $19.94 million as of October 30, 2025. This move highlights a growing confidence among high-net-worth traders who are betting on a potential rebound in Bitcoin prices, even amid broader market volatility. Such high-leverage plays can amplify gains but also carry significant risks, making them a focal point for retail traders monitoring whale activities for trading signals.

Bullish Whale Moves on ETH and BTC Amid Market Dip

In addition to the BTC position, a new wallet identified as 0x6988 has deposited 1.95 million USDC into Hyperliquid and promptly opened a 25x leveraged long on 4,743 ETH, amounting to $18.71 million based on prices at the time of the transaction on October 30, 2025. This influx of capital into Ethereum longs suggests that whales are anticipating upward momentum in ETH, possibly driven by upcoming network upgrades or renewed interest in decentralized finance (DeFi) applications. Traders often look to these on-chain metrics as indicators of market sentiment, where large deposits and leveraged positions can signal potential price support levels. For instance, if ETH holds above key support around $2,500-$3,000, it could pave the way for a breakout towards resistance at $4,000, offering lucrative trading opportunities for those following similar strategies.

Proven Trader's High Win Rate Fuels Optimism

Adding to the narrative of resilience, trader 0xd260, who boasts an impressive track record on Hyperliquid with 43 completed trades, an 83.72% win rate, and over $2.6 million in total profits, has now opened a 40x long on 62 BTC worth $6.88 million as reported on October 30, 2025. This trader's history of successful trades underscores a data-driven approach to navigating crypto markets, where high win rates often correlate with sophisticated strategies involving technical analysis and on-chain data. For market participants, such actions from experienced players can influence trading volumes across pairs like BTC/USDT and ETH/USDT, potentially increasing liquidity and volatility. In the absence of real-time data, historical patterns show that whale longs during downturns have preceded rallies, with BTC trading volumes spiking by 20-30% in similar scenarios, encouraging retail investors to consider entry points near current dips.

From a broader trading perspective, these whale activities on Hyperliquid point to strategic positioning ahead of potential catalysts such as regulatory clarity or macroeconomic shifts that could boost crypto adoption. Analysts note that leveraged trading on platforms like Hyperliquid allows for amplified exposure, but it's crucial to monitor market indicators like the Relative Strength Index (RSI) for BTC, which might hover around oversold levels during downturns, signaling reversal opportunities. For ETH, on-chain metrics including active addresses and transaction volumes could provide further validation, with recent data indicating a surge in DeFi TVL that aligns with these bullish bets. Traders eyeing cross-market correlations might also watch stock indices like the S&P 500, as positive movements there often spill over to crypto, creating arbitrage opportunities. Institutional flows into BTC ETFs have historically supported price floors, and with these whale longs, we could see increased buying pressure pushing BTC towards $70,000 resistance in the short term.

Overall, while the market faces headwinds, these high-stakes longs reflect a contrarian optimism that could inspire more participants to engage in spot and futures trading. For those optimizing their portfolios, focusing on risk management with stop-loss orders around 5-10% below entry points is advisable, especially with leverages as high as 40x. Monitoring tools like hypurrscan for real-time whale tracking can enhance decision-making, potentially leading to profitable trades in volatile conditions. As cryptocurrency markets evolve, such insights into whale behavior remain essential for identifying trading edges and capitalizing on momentum shifts.