The anonymous Hyperliquid trader who pocketed nearly $200 million during the October 10 market crash is back, this time betting heavily on an Ether rebound.
The trader, widely referred to as the “OG Whale” or the “$10B HyperUnit Whale,” increased an already large Ether long on Monday, bringing the total position to $44.5 million, according to blockchain analytics firm Arkham Intelligence.
The whale’s high-stakes long arrives as Ether trades near $2,900, up roughly 2% in the past 24 hours amid a broader uptick across the crypto market. The trader has built a reputation for timing major swings correctly, fuelled by a series of profitable shorts placed throughout October and November.
The wallet remains unverified, though blockchain investigators last month connected it to former BitForex CEO Garret Jin.
In a Monday post on X, Hayes argued that BTC’s recent drop to $80,500 likely marked the cycle’s local bottom, pointing to the expected end of the Federal Reserve’s quantitative tightening program. He expects Bitcoin to remain below $90,000 in the short term, with a possible final dip into the low $80,000s, yet he maintains $80,000 will hold.
While the whale positions for an Ether bounce, former BitMEX CEO Arthur Hayes is calling for Bitcoin to stabilize as US liquidity conditions shift.
