Key Highlights The Hyperunit whale has initiated a new $55 million long position on Hyperliquid, deploying $37 million into BTC and $18 million into ETH The cryptocurrency market has witnessed a liquidation of over $1.1 billion in the past 24 hours. The odds of falling below $100,000 by the end of this year have grown significantly after Jerome Powell said that a December interest rate cut is ‘far from’ guaranteed A previously identified “Hyperunit” whale, known for a historic $850 million Bitcoin accumulation during the 2018 bear market that ballooned to a portfolio worth over $10 billion, has just initiated a major long position. THE $10B HYPERUNIT WHALE JUST LONGED $BTC AND $ETH This address is owned by the Hyperunit whale, who: – Bought $850M of BTC during the 2018 bear market, and held until it was worth $10B+ – Rotated $5B of BTC into ETH from August-October this year – Made $200M by successfully… https://t.co/fiQlDWtAOz pic.twitter.com/nvgvGe76lm — Arkham (@arkham) November 3, 2025 According to Arkham, this Hyperunit whale has deployed $37 million into Bitcoin and $18 million into Ethereum on the Hyperliquid exchange. Hyperunit recently rotated $5 billion from Bitcoin into Ethereum and successfully netted an estimated $200 million from a predictive short on the October 10 market crash. Crypto Market Witnesses $1.1 Billion in Long Liquidations Amid a recent downturn in the cryptocurrency market, decentralized prediction platform Polymarket is reflecting a major shift in trader sentiment. Data shows that the perceived probability of Bitcoin declining beneath the $100,000 threshold before year-end has surged 52%, according to Polymarket’s official page. This sentiment shift comes after a market-wide correction that saw Bitcoin briefly drop nearly 5% to $105,400. This wiped out an estimated $182 billion in total market capitalization before a partial recovery stabilized prices around $106,418. Market analysts attribute the volatility primarily to hawkish commentary from Federal Reserve Chair Jerome Powell, who recently tempered expectations for an imminent rate cut. This stance caused a sharp repricing in interest rate futures, with the probability of a December Fed cut plunging from 96% to below 70%. According to CoinMarketCap, Bitcoin is trading at around $106,987 with a market capitalization of $2.13 trillion. Its 24-hour trading volume revolves around $70.26 billion. The Fear & Greed indicator shows a fear signal. Bitcoin Shows Resilience to Market Crash Fundstrat’s Tom Lee has called the October liquidation event the “largest in crypto history,” yet the critical narrative is Bitcoin’s resilience. Despite the major liquidation in the crypto market, BTC has merely declined 3% to 4% amidst the turmoil. This divergence shows a market fundamentally transformed by institutional absorption. During the FTX collapse, comparable leverage unwinds precipitated a 20% crash in BTC’s value. According to the on-chain analytics firm Alphractal, current crypto market sentiment has plummeted to its most negative level since April of this year. This proprietary metric, which has demonstrated a historical accuracy rate of approximately 90% in identifying local price bottoms, is now signaling a severely oversold condition as it enters its “orange or red” zone. This data suggests that the market may be approaching a classic contrarian buy signal, historically indicative of a reversal point following a sustained period of fear and selling pressure. Despite the current market dip, Michael Saylor’s Strategy has announced the acquisition of 397 BTC with $45.6 million, bringing its holdings to 641,205 coins worth over $69 billion. Not just this, Treasury Secretary Scott Bessent said that “17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.” The current market retracement is a direct consequence of a hawkish pivot in monetary policy expectations following commentary from Federal Reserve Chair Jerome Powell, who downplayed the chance of a December interest rate cut. Bitcoin has experienced accelerated selling pressure as traders rapidly de-risked their portfolios. This sentiment is quantified by the Crypto Fear & Greed Index, which remains entrenched in “Fear” territory at 35 points. The bearish momentum triggered substantial outflows, with nearly $800 million exiting spot Bitcoin and Ethereum ETFs last week. It has contributed to a 3.5% weekly decline that pushed the total crypto market capitalization below $3.6 trillion. On the other side, the recent tension between the U.S. and China and volatile oil prices have catalyzed a flight to safety. In contrast, risk-sensitive assets such as Bitcoin faced continued selling pressure. Despite forward guidance suggesting potential rate cuts in early 2026, the immediate environment remains hostile to speculative capital inflows.