Whales Go Bullish: $72M in Bitcoin Longs on Hyperliquid Signal Market Confidence

Many whales are turning bullish and going long!

• 0x89AB deposited 9.6M $USDC to #Hyperliquid in the past 12 hours, bought 80.47 $BTC ($8.7M), and opened a 6x long on 133.86 $BTC ($14.47M).

• 0x3fce deposited 1.5M $USDC 6 hours ago and increased his $BTC long position to 459.82… pic.twitter.com/Y7jaiV7416

— Lookonchain (@lookonchain) October 22, 2025

An update by @lookonchain at 06:21 UTC on October 22, 2025 states that significant crypto whales are taking long positions in Bitcoin in the Hyperliquid decentralized exchange. The post highlighted some of the big trades including a wallet that deposited 9.6 million USDC to purchase 80.47 BTC of a value of 8.7 million USDC and go long a 6x leverage of a value of 14.47 million USDC. One more whale speech contributed 1.5 million USDC to its long in Bitcoin, making it 459.82 BTC. This spurt in leveraged purchases in 12 hours demonstrates that institutional traders and high net worth traders are in good bullish mood.

Critical Wallet Transactions and On-Chain Insights

The most active wallet, which is 0x89ABe626DC7f010138bc08e0100f1Ee13C30D32, is the one with the total assets worth $2.47 million, comprising of 2.43 million in perpetual futures and 35,114 in staking. This speech opened a long at 133.86 BTC at the notional value of 14.46 million at an entry price of 108,048 per BTC. The market value of approximately 109,848 is an insignificant improvement of 1.7 but poses a lose/win situation since the position is slightly negative with an unrealized loss of about 394,000. This position liquidation price is close to $90,988.

Other Whale Positions and Behavior in the Market

Further activity by whales reinforces the bullish expectations. The address 0x3fce deposited 1.5 million USDC and increased the BTC long to 459.82 BTC that are worth approximately 49.7 million US dollars. After adding 4 million USDC to long positions on Bitcoin, Ethereum, and Solana, Wallet 0x8Ae4 opened the wallet. The other address 0xd8ef added 5.44 million USDC to long ETH. All these positions are more than 72 million notional value in Hyperliquid. The coordinated actions indicate coordinated optimism of some of the big traders who anticipate further growth of BTC beyond the current price of above the 110,000 mark.

Hyperliquid is a decentralized perpetual futures exchange that is operated on a self-sovereign Layer 1 blockchain, with up to 50x leverage, immediate transaction finality, and no gas fees. It includes a fully on-chain order book which improves transparency and eliminates custodial risk, which attracts both retail and whale traders who want the same type of performance as they do on CEX in DeFi. The model of Hyperliquid directly competes with the dYdX and GMX but provides a faster finality and reduced fees.

Market and Technical Prospectus

The average entry points of the whales are in line with the price movement of Bitcoin between $107,000 and $110,000 in mid-October 2025. Longs like these are typically leveraged bets on macro trends, including institutional inflows, expectation of ETFs, or deteriorating fiat performance. Nonetheless, at 6x leverage, any 17percent drop would initiate liquidations at approximately $91,000, which demonstrates the risk exposure.

lookonchain has a reputation of being precise on-chain analytics and the screenshots used in the post are consistent with the live dashboard of Hyperliquid. Information verified by hyperliquid.xyz confirms that the wallet addresses and transactional information coincide with existing records of the platform. On-chain traders have confirmed such whales movements confirming a real activity and not a fake transaction screenshot. Nevertheless, analysts warn against excessive confidence because leveraged longs may increase profits and losses based on the price movement within a few days.

Implications and Future Projections

These huge volumes of Bitcoin longs contribute to the idea that institutional buyers are still sure about the next upsurge of BTC. The ranks are indicative of increased confidence in decentralized perpetual systems such as Hyperliquid, which points to the maturity of DeFi. These whales will get high returns and would cause further inflows due to FOMO in case Bitcoin surpasses its resistance levels near 110,000. However, a decline below $100,000 on the other hand would trigger cascading liquidation, which would provide temporary pressure on downward side. The following days will be decisive concerning the direction of the market because the magnitude of those positions leaves no chances of the neutral ones.

Whales are evidently setting up to a Bitcoin explosion, taking advantage of the decentralized leverage instruments of Hyperliquid. It is one of the most aggressive on-chain bullish structures of October 2025 with more than 72 million being deposited in longs within hours. The evidence is supporting a long-term rally preparedness in the institutions, but the threats are high as a result of excessive leverage and volatility potential. The investors can keep track of the updates by Hyperliquid and @lookonchain whether this risky step is working or not.