Hyperliquid News Today: Buddy's Post-Crash Pivot: ETH Longs Signal Caution Amid HYPE Profit Lock-In

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Sunday, Nov 2, 2025 1:40 am ET2min read
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- High-profile trader "Buddy" increased ETH longs by 250 coins (2,450 ETH at 25x leverage) while reducing HYPE exposure by 10,000 coins post-October crash.

- HYPE surged 25% to $48.70 amid $624M daily volume and $1B SEC staking filing, while ETH shows potential 54% rally if $41–$42 support breaks.

- Hyperliquid's $1.97B open interest and $132,590 daily revenue highlight growing institutional confidence despite mixed whale positioning ($7.2B long/short split).

- Buddy's cautious ETH accumulation contrasts prior $220K USDC deposit boosting holdings, signaling market uncertainty as crypto remains volatile.

High-profile trader "Buddy" (Huang Licheng) has adjusted his leveraged positions on Hyperliquid, slightly increasing his long exposure to

Ethereum
(ETH) while reducing his HYPE token holdings, according to on-chain monitoring tools. The latest moves, tracked by platforms such as HyperInsight and Lookonchain, reflect a cautious strategy amid volatile market conditions following a significant October 11 crash that erased $12.56 million in value from his portfolio, according to
a Bitget report
.

As of October 31, Buddy's

ETH
long position has grown by 250 coins, bringing his total exposure to 2,450 ETH at 25x leverage, valued at $10.32 million with an unrealized gain of $890,000, according to
a CoinTech2u report
. Simultaneously, he reduced his HYPE position by 10,000 coins, cutting his total long exposure to 88,000 HYPE at 10x leverage, worth $4.17 million and carrying an unrealized gain of $334,000, according to
a BlockBeats report
. The trader also partially closed high-leverage HYPE positions and opened a 10x long position in PUMP, expanding his portfolio to include three tokens with a combined value of $24.31 million, which another BlockBeats flash detailed.

The adjustments align with broader market dynamics. HYPE has surged 25% to $48.70, driven by $624 million in daily trading volume and institutional interest, including a $1 billion SEC filing for HYPE staking by Hyperliquid Strategies, per the Bitget report. Meanwhile, ETH remains in a technical bull pattern, with analysts noting a potential 54% rally to $61.5 if it breaks through the $41–$42 support zone, according to

a Yahoo Finance analysis
. Open interest in Hyperliquid derivatives has reached $1.97 billion, the highest since the October 11 crash, while long positions have earned $182.6 million in profits against $222.7 million in losses for shorts, signaling mixed sentiment, the Bitget report adds.

Buddy's more conservative approach contrasts with his prior aggressive $220,000

USDC
deposit in late October, which amplified his ETH and HYPE holdings by 3,300 ETH ($13 million) and 101,000 HYPE ($5 million), per the Bitget report. The shift follows a broader trend of whale activity, with large traders evenly split between long and short positions ($7.2 billion in open positions). However, recent price action has favored buyers, as short liquidations near $41–$42 have triggered covering rallies, the Bitget report notes.

The Hyperliquid ecosystem itself is gaining traction, with its native blockchain generating $132,590 in daily revenue and cross-chain bridge Unit contributing $32,383, according to the Bitget coverage. Institutional backing, including the SEC filing and Binance's large ETH order, further underscores confidence in the platform's growth potential, the Yahoo Finance analysis adds.

Market participants will closely watch Buddy's next steps, as his history of leveraged trades has often influenced sentiment. For now, his reduced exposure to HYPE and cautious ETH accumulation suggest a wait-and-see approach, even as the broader crypto market remains in a state of flux, according to BlockBeats and the Bitget report.