A crypto whale who profited $200 million from the recent US-China tariff-induced crypto crash is now investing $55 million in Bitcoin and Ethereum. The trader, known as the “Hyperunit whale,” made successful predictions in the past and is now betting on the rise of these cryptocurrencies on Hyperliquid.

Bitcoin OGs have been in the market for seven years, accumulating $850 million of Bitcoin during the 2018 bear market. Bitcoin is currently trading at $106,598, while Ether is trading at $3,602. The Crypto Fear & Greed Index is currently in the “Fear” zone with a score of 42 out of 100.

Bitwise CEO Hunter Horsley mentioned OG whales contributing to the recent market correction, highlighting the emotional toll of seeing significant wealth diminish in a bear market. Data from CryptoQuant shows long-term holders offloading 405,000 Bitcoin, despite many big holders planning to retain their holdings.

Blockchain analytics platform Santiment suggests the worst of the market pain may have passed, as there are 208,980 BTC fewer on exchanges compared to six months ago. This decrease in supply on exchanges indicates limited risk of further sell-offs, potentially signaling a near bottom for the market.

Read more at Cointelegraph: HyperUnit Opens $55 Million Long Position in Bitcoin, Ether