Bitcoin Updates: Ethereum Whale's Unbroken Winning Run—Genius Strategist or Market Influencer?

A prominent

short trade valued at $9.9 million has sparked renewed discussion about the impact of major traders, often called "whales," on the crypto market. This trader, who has maintained a flawless record in past trades, has once again opened a leveraged short on Hyperliquid—a decentralized perpetual futures platform—utilizing . This action takes place amid ongoing market volatility, with that whales on Hyperliquid now hold $5.377 billion in positions, 55.13% of which are shorts. The whale’s moves have attracted attention due to their consistent accuracy in predicting market downturns, about whether advanced data analysis or insider information is being used.

This Ethereum short is consistent with bearish signals, such as an overbought Relative Strength Index (RSI) and key resistance levels

. At the same time, is undergoing its own liquidity challenge, worth $131 million at risk of liquidation if the price climbs to $111,770. The trader responsible for this position currently has $6.36 million in unrealized gains, and with Bitcoin priced at $106,443, there is a $5,327 margin before a forced close . In the last 24 hours, resulted in $343.89 million in liquidations, with 74.7% coming from shorts. Experts believe that significant short liquidations could drive prices higher, possibly pushing Bitcoin closer to the liquidation point.

Data from Hyperliquid’s platform reveals the extent of whale involvement, with

$197 million in unrealized profits, while long positions have lost $109 million. One notable case is the 0x5b5d..60 address, which holds a 10x leveraged ETH short and . In contrast, another whale on Bitcoin, betting on further price appreciation. These differing approaches highlight the unpredictability of leveraged trading, especially as global economic issues like U.S.-China trade disputes and inflated tech stocks .

Both technical and macroeconomic perspectives point to a possible market pullback. Ethereum’s resistance and Bitcoin’s rising wedge pattern on the MACD indicator both

. Meanwhile, institutional activity such as by Strategy could add to downward pressure. Still, the dynamic between short liquidations and forced buying remains a key factor. , the $131 million short’s liquidation could set off a chain reaction in the market.

The whale’s impressive history has led to rumors of market manipulation, though there is no proof to support these claims

. As leveraged trading volumes continue to rise, the importance of transparency and effective risk controls grows. For now, the Ethereum short provides a clear example of how whale trades can influence both immediate price movements and broader market sentiment .