An anonymous whale on the derivatives platform Hyperliquid expanded a major $44.5M long position on Ethereum (ETH) yesterday, according to Arkham Intelligence. The trader reportedly secured nearly $200 million in profit during the October market sell-off, reinforcing their reputation as one of the most accurate trend traders.
The position adds weight to a growing pro-ETH sentiment on decentralized derivatives markets. The whale’s latest move comes as ETH trades near $2,900, supported by rising demand for non-custodial perpetual futures, bigger liquidity incentives and higher on-chain usage. Hyperliquid has recently recorded new liquidity highs, signaling a shift toward decentralized trading as regulators tighten oversight over centralized exchanges worldwide.
Analysts will monitor whether the position holds if ETH breaks the $3,000 resistance. Any increase in contract size or potential liquidation could elevate volatility and attract additional whale speculation. Updated data from Arkham is expected if the whale scales further or exits abruptly.
Source: https://x.com/arkham/status/1993043410748686586
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