Smart Trader Turns Bullish on Bitcoin, Ethereum, and Solana

A Smart trader on the Hyperliquid platform has flipped bullish on major cryptocurrencies. This signaling renewed market confidence after a month of volatility. According to Whale Insider, the trader closed all short positions and went long on Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Uniswap (UNI). A move that quickly caught the crypto community’s attention.

$23.7 Million in Profits, 20 Straight Wins

Blockchain data shows this smart trader has completed 20 consecutive profitable trades since October 1. He generated a total profit of $23.7 million. The wallet, identified as 0x9263c1…, currently holds $64.9 million in open long positions across the four assets. The data from Hyperliquid dashboards indicates that all trades in the past month were closed in profit. This shows an impressive 100% win rate. 

Unrealized profit currently sits around $1.5 million, with an average return on equity (ROE) of 48%. The trader’s ability to accurately time reversals in Bitcoin and Solana markets has drawn attention from on-chain analysts. Many are now watching closely to see if this bullish stance reflects a broader trend shift for the crypto market.

Shifting Market Bias Toward Long Positions

On-chain metrics reveal that the trader has gone fully long. This allocates 100% of their portfolio toward upward bets on BTC, ETH, SOL and UNI. The combined margin usage sits around 20%. It suggests there’s still significant liquidity available to scale further positions if momentum builds. Ethereum leads the trader’s exposure, with $22.1 million in long positions at an average entry of $3,189. While Bitcoin follows at $20.5 million with an entry of around $100,551. 

Solana and Uniswap make up the rest, totaling $22 million combined. Therefore, this shows strong confidence in Layer-1 and DeFi recovery. However, this aggressive positioning comes as broader market liquidations recently wiped out over $1 billion in leveraged trades. Which involves shaking weak hands and clearing liquidity. Consequently, many analysts believe this type of reset often precedes the start of new uptrends.

Signs of Renewed Confidence

While most retail traders remain cautious. The strategic move by one of Hyperliquid’s top accounts signals rising institutional-style sentiment across the market. Historically, moreover, whales have shifted from short to long positions. In fact, that has often aligned with local bottoms or early stages of bullish reversals.

With the crypto market showing early signs of recovery. Bitcoin and Ethereum’s next moves will be closely watched. If the trader’s timing remains accurate. Their pivot could mark the beginning of a broader rally. That led by confidence, not speculation. Currently, all eyes are on the charts and on this trader who seems to know when it’s time to flip the switch.