On-chain trackers flagged a whale that re-entered Long ETH earlier this week, currently showing unrealized gains of over $7 million. The wallet moved $9.5 million from Binance and opened a position in HyperLiquid, setting up a liquidation at around $3,285 after entering around $3,717. The trader was completely liquidated last week, losing about $2 million in about 40 days of trading while the market was deleveraging.
Whale Trader returns with Ethereum long
This whale trader withdrew $9.5 million from Binance and opened a current long position in Ethereum (ETH) via the Hyperliquid DEX platform. The whale trader set the liquidation price at $3,285 after cutting an entry of approximately $3,717.
Source: Hyperbot
In last week’s crypto market crash, the same whale investor was completely liquidated, losing $2 million in a trade that lasted about 40 days.
Ether attracts more long traders
After last week’s historic deleveraging event, the Ethereum whales continue their buying spree. For example, on-chain data analysis shows that Tom Lee’s Bitmine has purchased more than $500 million worth of Ether since last Friday’s market crash.
Related: Ethereum price prediction: Bhutan adopts Ethereum as national digital ID
Notably, Bitmine purchased over $834 million worth of Ether last week, increasing its holdings to $12.5 billion. Meanwhile, the US Spot Ether ETF recorded net cash inflows of approximately $236 million on Tuesday, increasing its total net assets to $28 billion.
Why are whales so bullish now?
technological tailwind
Ethereum price is expected to rise toward new highs in the coming weeks. Several crypto analysts, led by Benjamin Cowen and Michael Van de Poppe, believe that the recent Ether crash will create a new bull market for a new ATH.
Higher lows are created here on $ETH.
I think we will see a strong breakout and new ATH in the next 1-2 weeks.The setup is great. pic.twitter.com/FZemJ3hHH9
— Michael van de Poppe (@CryptoMichNL) October 15, 2025
From a technical analysis perspective, ETH price has been recording an upward trend since the bullish rebound in early April. On the weekly time frame, ETH price is retesting the key support level around $4.1 million that has been acting as resistance since early 2022.
Fed monetary policy changes
As monetary policy changes continue in the United States, Ethereum’s price is attracting more buyers. Arthur Hayes predicted that the price of Ether would soon rise towards $10,000 as the Fed begins quantitative easing (QE) and further rate cuts.
Related: Ethereum needs to reach $5,000 to ignite altcoin season, says Benjamin Cowen
solid foundation
The Ethereum network has strong fundamentals that support a bullish macro outlook. According to market data from DeFiLlama, the total value of the Ethereum network is locked, and the stablecoin market capitalization has been steadily increasing since the beginning of the year.
BlackRock CEO Larry Fink said in an interview on Tuesday that the crypto market is well-positioned to grow rapidly in the near future due to increased tokenization of real-world assets (RWA) and clear crypto regulations.
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