Whales are doubling down on Bitcoin and Ethereum, taking major long positions despite the Federal Reserve’s hawkish tone on interest rates.
Today, Bitcoin and Ethereum prices fell after the U.S. Federal Reserve signaled a cautious outlook on future rate cuts.
During his post-meeting press conference, Chair Jerome Powell said that a rate cut in December “is far from a foregone conclusion.”
Indeed, his statement surprised investors who had anticipated a 90% chance of a rate reduction at the Fed’s final policy meeting of the year.
Bitcoin and Ethereum Fall After Hawkish Fed Comments
Following Powell’s hawkish remarks, the global cryptocurrency market turned red almost immediately. Bitcoin (BTC) dipped under $108,000 before settling near $111,035 at press time. The drop wiped out much of the coin’s early-week gains.
At the same time, Ethereum (ETH) also weakened, trading around $3,945, a 2% decline over the same period.
Whales Double Down Despite the Pullback
Even as the broader market dipped, several large investors, or “whales”, continued to take aggressive long positions, reflecting confidence in a near-term recovery.
According to blockchain analytics firm Lookonchain, multiple high-value trades were executed on the Hyperliquid exchange.
For instance, one trader, operating under the wallet address 0x9553, opened a 40x long position on 179.59 BTC worth about $19.94 million. The position was initiated at an entry price of $110,590 per Bitcoin. Currently, it is showing a profit of $79,826, with a liquidation price of $106,070.
Moreover, another wallet, identified as 0x6988, allocated 1.95 million USDC to establish a 25x long position on 4,743 ETH, amounting to an estimated $18.71 million in value. Entry data shows a price of $3,928 per ETH, with a current gain of $76,670. The position would liquidate if ETH’s price dips $3,591.
Similarly, a third address, 0xd260, initiated a 40x long position on 62 BTC, totaling $6.88 million. The trader entered the position at $110,819 and is currently showing a profit of approximately $12,551. The liquidation price is $94,944.
Lookonchain added that this trader has completed 43 trades on Hyperliquid. Through these transactions, they achieved an 83.72% win rate and generated over $2.6 million in total profit.
Despite the market downturn, many whales remain bullish and are going long!
• Trader 0x9553 opened his first position on #Hyperliquid — a 40x long on 179.59 $BTC($19.94M).
• New wallet 0x6988 deposited 1.95M $USDC on #Hyperliquid and opened a 25x long on 4,743 $ETH($18.71M).… pic.twitter.com/HXf7YfbvoO
— Lookonchain (@lookonchain) October 30, 2025
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