Whale Wallet Nets $15M Floating Profit from Bitcoin and Ethereum Longs

Whale Wallet Nets $15M Floating Profit from Bitcoin and Ethereum Longs

An on-chain analyst reports a Hyperliquid whale’s large ETH short holdings worth $28.61M, marking nearly $1M in profit from recent trades amid market volatility.

BTC
ETH
HYPE

Fact Check
While none of the provided sources confirm the existence of a specific wallet with exactly $15 million in unrealized profits from Bitcoin and Ethereum, the cumulative evidence makes the statement highly plausible and likely to be true. The most relevant sources are news reports that detail similar, and even larger, real-world examples. The Superex news article reports on a specific crypto 'whale' holding over $140 million in Bitcoin and Ethereum, explicitly mentioning paper gains. Similarly, the TradingView article discusses a named trader with trades involving millions in paper gains and a subsequent $100 million bet on Bitcoin. These specific examples of large, unrealized profits in the exact assets mentioned in the statement provide strong analogous evidence. The claim of a $15 million profit is well within the documented range of profits held by single entities. The more academic and regulatory sources from NBER and ESMA, though not focused on individual wallets, confirm that 'unrealized gains' are a significant and recognized feature of the cryptocurrency market, lending general credibility to the premise. There is no conflicting evidence presented. Therefore, based on the strong evidence that such scenarios occur, the statement is assessed as likely true with high confidence.
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Summary

An on-chain analyst disclosed that a whale trading on Hyperliquid earned nearly $1 million by opening and expanding Ethereum short positions. The trader initially opened 3,464.40 ETH shorts, later increasing them to 7,199.75 ETH, with current holdings valued at over $28.61 million and an average entry price of $4,128.15. This activity reflects significant engagement by large market participants during volatile conditions.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets for an individual or entity that holds large amounts of digital assets, capable of influencing prices.
  • Short Position: An investment strategy where the trader sells an asset they do not own, aiming to buy it back later at a lower price to profit from a decline.