Whale Takes Massive Long Positions in Bitcoin and Ethereum

A significant player in the crypto market has taken a substantial long position on Bitcoin and Ethereum. The whale address 0x77d...ae0e9 has opened its first Hyperliquid contracts, with 403.44 BTC at 10x leverage worth $31.49 million and 4,781 ETH at 12x leverage worth $11.75 million. This establishes a net long stance of $43.24 million during the current consolidation phase.

The whale is sitting on an unrealized loss of $362,000. The price action on the 4h chart shows ETH trading at $2455.69 above the EMA50 support at $2412.79 within a broader bullish structure defined by the EMA200 at $2146.26.

The MACD death cross at -0.99 warns of fading momentum, while the neutral RSI at 49.52 leaves room for a test of the lower Bollinger band at $2414.06 before any sustained push toward the upper band resistance at $2534.67.