Ethereum News Today: Crypto Whales Double Down with $22M 20x Leverage on ETH and SOL

A notable whale in the cryptocurrency market has reignited attention by opening 20x leveraged long positions on Ethereum (ETH) and Solana (SOL) via Hyperliquid, with a total value of $22.05 million. The trader, identified by the address 0x8d0...59244, has a 31% win rate over 30 consecutive long trades since November 3, 2025, according to data shared by @ai_9684xtpa on social media and the HyperBot dashboard. This move underscores the volatile nature of leveraged trading in crypto, where large positions can sway market sentiment and price trajectories.

The whale's ETH position includes 5,047.09 ETH at an entry price of $2,995.9, while the SOL position comprises 51,411.68 tokens at $135.43, both opened on November 18, 2025. Analysts suggest that such concentrated longs could drive upward momentum if ETH and SOL breach key resistance levels of $3,100 and $140, respectively. However, the 31% win rate raises concerns about the sustainability of this strategy, particularly in a market prone to rapid reversals.

Meanwhile, another prominent trader, known as the "20 consecutive wins whale" (address 0x9263), has shifted positions on ETH, BTC, SOL, and UNI from short to long, securing over $8.5 million in unrealized profits. This whale, monitored by Lookonchain, has generated cumulative gains exceeding $31 million on Hyperliquid. The shift occurred six days ago, reflecting a strategic pivot to capitalize on perceived undervaluation in these assets. The combined actions of these whales highlight a broader bullish sentiment among institutional and high-net-worth traders, despite macroeconomic uncertainties.

Market observers note that the whales' activities align with recent trends in on-chain metrics, such as rising transaction volumes on Ethereum and Solana networks, which often precede price surges. For instance, similar large longs in the past have historically triggered 5-10% gains within 48 hours. However, the use of 20x leverage amplifies risks, as minor price dips could trigger cascading liquidations. Traders are advised to monitor resistance and support levels closely, particularly for ETH at $2,900 and SOL at $130, to manage exposure.

The whales' strategies also reflect optimism amid evolving regulatory developments and technological advancements in blockchain. For example, institutional investors may view these positions as signals of confidence in Ethereum's post-merge upgrades and Solana's high-speed capabilities for decentralized finance (DeFi) and NFTs. Additionally, cross-market correlations with Bitcoin (BTC) suggest that stability above $60,000 for BTC could further bolster altcoins like SOL.

In summary, the recent large-scale longs on ETH and SOL by multiple whales highlight the speculative dynamics of crypto markets. While the 31% win rate of one trader raises caution, the sheer scale of these positions-totaling over $30 million-could catalyze short-term volatility. Retail traders are urged to balance risk management with opportunities, leveraging tools like RSI and MACD indicators to navigate potential breakouts.