89% Win-Rate Whale Loads BTC 40x, ETH 25x Longs
Hyperliquid whale runs a $30M long book after BTC retakes $80K
A Hyperliquid whale with an 89.3% win rate across 28 closed trades is holding two leveraged long positions worth roughly $30M right now. The account added 338.46 BTC at $78,688 with 40x cross leverage, and 1,181 ETH at $2,453.42 with 25x. Combined floating profit sits near $526K, with BTC up about $466K and ETH adding $59K.
BTC traded around $80,033 on Binance and $80,036 on OKX at the snapshot, up 1.86% over 24 hours with a high of $80,845. ETH sat near $2,502 on both venues, up 0.43% on the day. The whale entered both legs before the push, so the longs are riding the move rather than chasing it.
40x and 25x leave thin but workable room
The BTC position is the heavy one. A 40x cross long on 338 BTC carries a liquidation price near $72,433, roughly 9.5% below the current mark. That buffer is tight for a coin swinging 3-4% on a normal day, and the entry at $78,688 is already about 1.7% in profit. The ETH leg is lighter: 25x on 1,181 ETH, liquidation around $2,130.65, about 14.8% below spot. Account equity is $3.81M, so the book uses meaningful margin but stays clear of the liquidation zone for now.
Track record: 25 wins in 28 trades, $2.7M realized
The account profile shows 28 closed trades with 25 wins, realized PnL of $2.7M and fees paid of $807K. Max drawdown over the window was about $807K, which is roughly 29% of realized profit. Top coins traded include ETH, BTC, HYPE and DOGE, and the address has zero liquidations on record. The win rate is high, but the fee bill and drawdown history matter for anyone reading the numbers as a signal.
What to watch next
Funding is the quiet part of this setup. BTC perp funding on Binance is 0.0084% per 8 hours, OKX sits at -0.0001% and Hyperliquid at 0.0013%. ETH funding is similarly flat, with Binance at 0.0021% and Hyperliquid at 0.0011%. Paying almost nothing to hold a long means the whale is not fighting crowded positioning. The risk is price: a drop through the $78.7K entry unwinds the BTC leg quickly, and a close below $77.2K would test the 40x position. If BTC holds above $80K and ETH reclaims $2,530, both positions keep working. If the broader market rolls over, this book is exactly the kind of leverage that gets flushed fast.
Data as of 05:05 Beijing time, covering Binance, OKX, Bybit, Hyperliquid, Gate, Bitget and other major venues.