October 13th 2026, 7:51 AM
Ethereum Whale Takes $29.75 Million in Wins, Eyes $2,500 Level
Key Summary
A Hyperliquid whale has made a significant long bet on Ethereum, accumulating $29.75 million in profits, as the asset swings sharply over the past week. The whale's entry near $2,420 and its liquidation prices of $1,272 and $1,513 sit close to current levels, indicating a potential test for Ethereum's price movement.
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Historical Background Context
A significant Bitcoin whale has moved $378 million in the cryptocurrency market, and a Bitcoin whale has re-activated its wallet after six years of inactivity, moving $378 million in BTC.The Whale Behind $29.75 Million in Wins
Leveraged bulls lost $688.56 million to liquidations in a single day as Ethereum (ETH) and Bitcoin (BTC) slid. One Hyperliquid whale with a near-flawless record has stepped into that selloff with a big long bet.The whale built that record quickly. It created 4 new wallets about 4 months ago and began trading on Hyperliquid, a decentralized derivatives exchange. Since then, the trader has closed 15 trades with only 1 loss, according to data shared by Lookonchain.
Market Implications
US spot Ethereum exchange-traded funds (ETFs) have moved the other way, recording 10 straight days of net outflows, with withdrawals totaling about $782.6 million.Ethereum Price Movement
Ethereum (ETH) traded at $2,526.75 at press time, down 0.99% over 24 hours and 6.39% over 7 days.Future Outlook
The whale's liquidation prices sit near $1,272 and $1,513, far below current levels, indicating a potential test for Ethereum's price movement.#Ethereum#US#Crypto#WhaleInsider