Same dip, opposite trades: two wallets bought $58M of ETH in one minute, and the 25x long sold two seconds after the low
Yesterday in one line: a dip, then a rebound. ETH printed its low of 2,408 at 00:52 UTC and finished the day up 2.1% (2,446 → 2,497), with a high of 2,537. BTC bottomed at 81,000 at 00:45 and closed up 1.6% (81,813 → 83,134), after touching 84,133 at 08:00. HYPE rose 0.8% to 81.52. Open interest across Hyperliquid's main perps rose 1.3% to $11.71B, and taker volume was $9.57B. Big takers split by coin: trades of $100K or more net-bought $33.7M of ETH and net-sold $43.6M of BTC. They also net-sold $7.1M of HYPE, 32% of HYPE's big-trade volume.
Yesterday's question, answered
We had two lines to watch: the $211M ETH long cliff around 2,281–2,300, and the 40x BTC short at 83,908.
ETH never came close to the cliff. The 40x short is a different story.
0xf15d…ddf9 was short 37 BTC from 82,853, liquidation at 83,912. At 07:35 UTC, with BTC climbing toward that line, it closed the whole short at 83,890–83,906, $6 from liquidation, for a $38.9K loss. Within minutes BTC traded through 83,912, and by 08:00 it reached 84,133. Two hours later the wallet moved its last $38.5K out. Its trading account is now empty.
Three trades in three days, three losses: −$338K, −$80K, −$39K. The last one was the only time it got out before the line.
Same dip, opposite trades
Yesterday's headlines ran "Hyperliquid whale opens $60M ETH long." On chain, we see two wallets that each bought exactly 12,000 ETH, in the same minute.
At 00:33–00:34 UTC, 0x2371…0883 and 0xbd1c…ff0e bought 24,000 ETH together, about $58M, at an average near 2,420. Each wallet holds $3.9M of equity against a $30.1M position: 20x set, roughly 7.6x actually used. Their liquidation prices are 1,272 and 1,513, far below. Each is now up about $1.05M.
Eighteen minutes later, ETH printed its low. 0x020c…5872, the 25x ETH long we have followed all week (widely tracked as Machi Big Brother's), made its last sale at 00:52:29, at 2,410.5. The 2,408 low printed at 00:52:27, two seconds earlier. (Yesterday we wrote that the low was 2,410.1. That was an earlier dip at 00:07. The real low came 45 minutes later.)
At 01:16 it started buying back. By 08:00 it had bought 4,500 ETH between 2,440 and 2,535, all above the price it had just sold at. Then ETH dipped again in the afternoon, and it sold 600 into the dip. It now holds 7,200 ETH at 25x, average 2,516, with about $600K of equity and a $56K unrealized loss. Liquidation: 2,474, 1.4% below.
Same dip, two answers. The dip buyers used a third of their leverage and are up $2.1M. The 25x long used all of its leverage, sold the bottom, and is underwater again.
Whale moves
Two whales, opposite sides of the S&P 500. 0xb632…73b7 opened a $15.6M S&P 500 short at 50x, entry 7,784. The index perp is at 7,815 and its liquidation is 7,867, 0.7% above. On the other side is 0x5d2f…9bb7, the wallet that shorted BTC's all-time high last year for +$58.7M: it is long $9.4M of S&P 500 and $9.0M of Nasdaq 100, up $1.8M.
The ETH cliff wallet changed its mind. 0x0c4a…1b19 cut its ETH long from 6,792 to 3,871 ETH and opened a $9.3M crude oil short at 20x (entry 93.30, liquidation 97.50). Its $25.2M 40x BTC long is unchanged, liquidation 77,529.
A $20M BTC long at 25x. 0xe2ad…3c8c bought 239 BTC at 83,773. Liquidation is far away at 72,616 (−12.9%).
The HYPE whale is still sitting. 0x082e…ca88: 1.38M HYPE ($113.7M), 5x, up $60.4M, liquidation 74.53 (−9.6%).
Among yesterday's Telegram channel events, a 6.8x BTC long pushed at $82,351 (event 1111) is up 7.7% on margin.
Levels to watch
ETH (about 2,508)
- Below: 2,474 is Machi's 25x long, $18.1M (−1.4%). 2,378 is a $28.8M 12x long, 0xe02e…d78b (−5.2%). 2,289–2,300 is the cliff, now $208M: 0x77dd $101.0M, 0x0392 $97.8M, 0x0c4a $9.7M (−8.3% to −8.7%).
- Above: 2,650–2,660, a $12.5M short (+5.8%).
BTC (about 83,360)
- Below: 80,000–80,500, $16.3M (−3.9%), led by an $11.1M long. 77,500–78,000, $44.5M (−6.9%), including 0x0c4a's 40x long.
- Above: 87,500–88,000, a $15.1M short (+5.1%). 92,500–93,000, $78.1M (+11.1%), led by a $60M short.
HYPE (about 82.41)
- Nothing tracked within 5% either way. Below: 76.50–77.00, $17.1M (−7%), then the $113.7M whale at 74.53 (−9.6%).
Live liquidation maps with every tracked wallet: BTC · ETH · HYPE. To get a Telegram alert when one of these wallets moves, tap 🔔 next to the title on its wallet page.
Data: Hyperliquid on-chain fills, liquidations and positions, compiled by CryptoAnimon. Positions and prices as of 02:25 UTC, Oct 14; "yesterday" means Oct 13 (UTC).
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