Popular crypto whale «19D5» has increased his online activity over the past two days. He previously sold a significant amount of Bitcoin (BTC) to acquire Ethereum (ETH), and is also taking aggressive short positions on Hyperliquid.
In 48 hours, the whale transferred more than 3003 BTC worth approximately $335 million to the exchange. Binance, often used for large transactions. Additionally, 651 BTC were sent to Hyperliquid, where 19D5 continues to hold a short position valued at $140 million.
Cryptoquant data
The whale once held over 100,000 BTC, and now holds around 39,000 BTC, which is valued at approximately $4,25 billion. CryptoQuant analysts noted that the trader’s actions can be considered unique and significant, as they often influence short-term market dynamics.
According to Lookonchain, another savvy trader with wallet 0xdDc7, who boasts an 80% profit and a balance of $8,7 million, also opened a large short position on Hyperliquid.
Yesterday, a trader transferred 3 million USDC to the platform and opened a short position with 40x leverage worth $31,8 million (291 BTC). The trader has a proven track record of successful high-risk trades on Hyperliquid—he’s made 20 of them with consistently high results.
VanEck Research views the prevailing bearish sentiment as a natural part of Bitcoin’s broader growth cycle. They believe the crypto asset’s October decline represents a «liquidity-driven mid-cycle reset» rather than the start of a bear market.