Significant Increase in Ethereum Long Position

The market has been active recently, both in spot demand and futures trading. However, the whale’s massive addition to its position has drawn significant attention. Furthermore, on-chain data shows that major funds are accumulating Ether again. This trend strengthens bullish sentiment for ETH.

The whale, famous for earning nearly $200 million during the October crash, has made several precise trades since. Meanwhile, the whale’s identity remains unverified, adding a layer of speculation. Yet, previous successful moves make this current long position particularly noteworthy.

ETH Price Movements and Market Data

ETH has risen about 2% in the last 24 hours, trading near $2,900. Additionally, improved funding rates and higher spot volumes support the upward trend. Some analysts also note that futures data may suggest the market is forming a bottom. However, macroeconomic volatility keeps caution in play.

Investor Psychology and Market Impact

The whale’s moves directly influence investor sentiment. Subsequent volume increases may lead to higher volatility in the Ethereum ecosystem. Moreover, combined with ETF flows and on-chain activity, these movements create a stronger market structure for ETH. This makes large wallet actions increasingly important for short-term price movements.

• ETH market outlook: Long positions rising, on-chain activity increasing, funding rates balancing, and key resistance levels being retested.

Some analysts interpret the whale’s move as an early signal for the upcoming altcoin season. Yet, regulatory developments and global economic data will continue to shape Ethereum’s short-term direction.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Whale Raises Ethereum Long Position to $44.5 Million appeared first on Coin Engineer.

However, similar whale transactions have notably influenced market trends in recent weeks. This liquidity event is not isolated. Comparable Bitcoin liquidity incidents were observed in May and June as well. The sudden entrance of this large leveraged long position had an immediate and significant impact on the market. 

Notably, investors like James Wynn from Hyperliquid have previously made headlines with large leveraged positions. Such moves deeply affect market dynamics. Following this latest Bitcoin whale activity, the sustainability of the price increase is now under scrutiny. Traders are closely monitoring the situation. According to Coinglass data, liquidity in exchange order books is renewing upward. This development has sparked debates among traders about Bitcoin’s potential breakout from the current tight trading range. 

BREAKING: A Whale has just opened $241 million $BTC long position with 20x leverage. pic.twitter.com/6WcikRQySD

— Mr. WHALE (@MrWhaleREAL) June 20, 2025

Market Analysts’ Comments on Bitcoin’s Future 

Popular investor Daan Crypto Trades emphasized the importance of the current range. In an X post, he stated, “Many positions have formed on both sides within this range, and the liquidity location is clear.” He also highlighted the importance of $100,000 and $110,000 levels for June, noting that potential reactions at these levels should be watched. Another investor, Crypto Tony, suggested that for the short-term bullish scenario to continue, Bitcoin needs to remain above $104,500 until the weekly close. 

SOMEONE JUST WENT ALL-IN ON $BTC

$255,000,000 LONG

20x leverage at $104K

HE KNOWS SOMETHING! pic.twitter.com/BL88Mh1Cc0

— Merlijn The Trader (@MerlijnTrader) June 20, 2025

The market’s reaction to this large leveraged position clearly shows its influence on Bitcoin’s price movements. The reasons behind the $255 million long position remain uncertain. However, the market’s immediate response and subsequent short position liquidations indicate a significant shift in market sentiment. Investors are now focused on whether this move will trigger a decisive breakout from the current trading range. 

NOT INVESTMENT ADVICE 

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Whale Opens $255M Bitcoin Long, Market Reacts Sharply appeared first on Coin Engineer.

A major development has shaken the crypto investment world. Well-known on-chain investigator ZachXBT has claimed that the so-called “Hyperliquid whale,” who trades with 50x leverage on the Hyperliquid exchange, is in fact a cybercriminal gambling with stolen funds.

This whale managed to survive liquidation attempts by crypto investors and secured an impressive $9 million in net profit. ZachXBT emphasized that this whale has no connection to the North Korea-backed Lazarus Group. Earlier this year, in February 2025, ZachXBT had linked the $1.5 billion Bybit hack to that hacker collective. Now, he has followed the trail to this Hyperliquid whale.

“Crypto Twitter Is Speculating, But the Truth Is More Sinister”

ZachXBT made the following statement on X (Twitter):

“It’s funny watching CT speculate on the ‘Hyperliquid whale’ when in reality it’s just a cybercriminal gambling with stolen funds.”

Responding to a follower’s question regarding potential ties to the Lazarus Group, ZachXBT replied:

“No, there’s no connection to Lazarus.”

Some users asked ZachXBT to reveal the whale’s identity. However, he responded by saying:

“We’ll see, it’s just not enjoyable posting investigations on X/Twitter anymore.”

Failed Attempts to Liquidate the Whale

For weeks, the crypto market has speculated about who the Hyperliquid whale is and how they could be stopped. The whale had opened 40x and 50x short positions on Bitcoin (BTC) and Ethereum (ETH), drawing massive attention.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The whale notably opened a $450 million short position on BTC, which triggered a major reaction across the market. Traders attempted to counter this by aggressively buying up BTC, trying to force a liquidation. However, they ultimately failed. According to Lookonchain, the whale deposited an additional $5 million USDC to increase margin and avoid liquidation.

Aside from BTC and ETH, the whale also opened a $31 million short position on Chainlink (LINK) with 10x leverage and placed short orders on GMX.

A Major Threat in the Crypto Market: Stolen Funds and High-Leverage Trades

ZachXBT’s comments have reignited concerns about stolen funds re-entering circulation through decentralized finance (DeFi) protocols. The situation also highlights how cybercriminals exploit high-leverage trading to gamble with illicit funds, posing a significant risk to the overall market.

While the true identity of this whale remains undisclosed, the broader question for the crypto ecosystem is how to address these high-risk scenarios and prevent bad actors from destabilizing the markets.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Big Bet from ZachXBT on Whale in Hyperliquid! appeared first on Coin Engineer.

According to data shared by on-chain analysis platform Lookonchain, a crypto whale has made remarkable profits thanks to its investments in 3 altcoins.

The whale made a profit of $2.17 million from Pepe (PEPE), $663,000 from Pepecoin, and $110,000 from Joe (JOE).

The whale spent $250,000 to purchase 160.62 billion PEPE on December 6, 2023, and December 7, 2023. After the price appreciation and months of waiting, the whale sold all of its PEPE holdings for $2.42 million, making a profit of $2.17 million.

Similarly, the whale spent $25,000 to purchase 139,822 Pepecoin on December 6, 2023. On May 26, the whale sold 25,000 of these holdings for $113,000 and still holds 114,822 Pepecoin. The whale made a profit of $663,000 from this investment and has the potential to make even more if the value of its remaining holdings appreciates.

Between November 13, 2023, and December 4, 2023, the whale spent $63.4 thousand to purchase 7.15 million JOE. The whale has so far managed to hold this investment patiently and is currently sitting on a profit of $110,000. The whale has not yet sold any JOE.

The post Whale Turns the Corner with Just 3 Altcoin Investments! appeared first on Coin Engineer.

Following these investments, profitable transactions were made for whale, MKR, UNI and 1INCH tokens. For example, the whale made an unrecorded profit of $1.14 million (76.1% increase) from trading 1,390 MKR between August 19, 2023 and April 14, 2024. Similarly, a gain of $375,000 (11.3% increase) was made from the purchase and sale of whale 546,268 UNI between May 12, 2022 and April 14, 2024. In the same period, he made a profit of $100,000 (40.2% increase) from 701,914 1INCH sales. However, the whale still holds a small amount of 7,550 ENS ($93.5k) and 63,005 LQTY ($58.8k) tokens, which face unrealized losses.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Crypto Whale Comes Back to the Market After the Crash appeared first on Coin Engineer.