Many whales are getting bullish and going long!
• 0x89AB deposited 9.6 million $USDC into #Hyperliquid in the last 12 hours, bought 80.47 $BTC ($8.7 million), and opened a 6x long at 133.86 $BTC ($14.47 million).
• 0x3fce deposited 1.5 million $USDC 6 hours ago, increasing his long $BTC position to 459.82… pic.twitter.com/Y7jaiV7416
— Lookonchain (@lookonchain) October 22, 2025
An update by @lookonchain on October 22, 2025, 06:21 UTC states that a significant number of crypto whales have taken long positions in Bitcoin on the Hyperliquid decentralized exchange. This post highlights some of the larger trades, including a wallet that deposited 9.6 million USDC to buy 80.47 BTC worth 8.7 million USDC and go long with 6x leverage worth 14.47 million USDC. Another whale speech contributed 1.5 million USDC to go long Bitcoin at 459.82 BTC. The surge in leveraged purchases over the past 12 hours indicates that institutional investors and wealthy traders are in a good bullish mood.
Key wallet transactions and on-chain insights
The most active wallet is 0x89ABe626DC7f010138bc08e0100f1Ee13C30D32 with total assets worth $2.47 million, consisting of 2.43 million perpetual futures and 35,114 staking. This talk opened long with 133.86 BTC, notional value of $14.46 million, and entry price of 108,048 per BTC. The market value of approximately 109,848 is a slight improvement of 1.7, but the position is slightly negative with an unrealized loss of approximately 394,000, creating a lose/win situation. The position liquidation price is close to $90,988.
Location and behavior of other whales in the market
Further whale activity strengthens bullish expectations. Address 0x3fce deposited 1.5 million USDC, increasing his long BTC to 459.82 BTC (equivalent to approximately 49.7 million USD). Wallet 0x8Ae4 opened a wallet after adding 4 million USDC to a long position in Bitcoin, Ethereum, and Solana. Another address, 0xd8ef, added 5.44 million USDC to long ETH. All these positions have a notional value of over 72 million in Hyperliquid. This concerted action shows the concerted optimism of some large traders who are expecting further growth above BTC’s current price 110,000 mark.
Hyperliquid is a decentralized perpetual futures exchange that operates on a self-sovereign Layer 1 blockchain with up to 50x leverage, instant trade finality, and no gas fees. It includes a complete on-chain order book that increases transparency and eliminates custody risk, which will attract both retail and whale traders looking for the same kind of performance as CEX in DeFi. Hyperliquid’s model competes directly with dYdX and GMX, but offers faster finality and lower fees.
Market and technology overview
The whale’s average entry point coincides with Bitcoin’s price movement between $107,000 and $110,000 in mid-October 2025. These longs are typically leveraged bets on macro trends, such as institutional inflows, ETF expectations, or poor fiat performance. Nevertheless, at 6x leverage, a 17% decline would trigger liquidation at around $91,000, indicating exposure.
lookonchain has a reputation for accurate on-chain analytics, and the screenshots used in the post match Hyperliquid’s live dashboard. The information verified by hyperliquid.xyz confirms that the wallet address and transaction information match existing records on the platform. On-chain traders confirmed that these whale movements are evidence of real activity and not fake trading screenshots. Still, analysts caution against overconfidence, as leveraged long trades can increase gains and losses based on price movements over the next few days.
Impact and future predictions
This large amount of Bitcoin longs contributes to the idea that institutional investors remain confident in BTC’s next rally. This rank indicates growing trust in decentralized perpetual systems such as Hyperliquid and indicates the maturity of DeFi. These whales will get high returns and will cause further inflows due to FOMO if Bitcoin breaks above the resistance level near 110,000. However, on the other hand, a decline below $100,000 would trigger a chain of liquidations, creating temporary downward pressure. The next few days will be decisive regarding the direction of the market, as the size of these positions leaves no possibility of a neutral position.
Whales are clearly poised for a Bitcoin explosion using Hyperliquid’s decentralized leverage vehicle. This was one of the most active on-chain bullish structures of October 2025, with over 72 million deposited long within hours. Evidence supports financial institutions’ readiness for long-term upside, but threats are growing as a result of excessive leverage and the potential for volatility. Investors can follow Hyperliquid and @lookonchain for updates on whether this risky step works or not.