Hyperliquid Whale Adds 35K SOL, Keeps $29M BTC Long Active

A major crypto whale has made another bold move on Hyperliquid. Adding more than 35,000 SOL while keeping a large leveraged Bitcoin position open. The series of trades, spotted by on-chain trackers on November 15. It shows a clear appetite for risk even as market sentiment remains cautious.

Whale Buys 35,335 SOL After $5M USDC Deposit

The whale began by depositing $5 million in USDC into Hyperliquid. Moments later, they spent $5.04 million to buy 35,335 SOL at an average price of $143. The quick execution and the size of the purchase immediately caught the attention of analysts. Data from Hyperbot shows the SOL position valued at over $5 million, with the entire allocation filled in a single batch. 

Commentators described this as “positioning, not trading,” highlighting the whale’s confidence in SOL’s near-term strength. Traders on X reacted with a mix of shock, admiration, and memes. Many pointed out that while retail investors argue over buying dips with pocket change. Whales continue to move millions without hesitation.

20x BTC Long Still Open With $29M Exposure

What makes the move more striking is that the whale is already carrying a 20x leveraged BTC long position worth nearly $29 million. The address holds just over 300 BTC in exposure, with an entry price near $96,384. At the time the data was captured, the position showed a small unrealized loss earlier. It is followed by a slight recovery into positive territory. 

The margin used ratio stayed below 9%. This signals that despite the huge exposure, the whale still has room to manage volatility. The combination of outsized spot purchasing and high leverage prompted speculation about the trader’s strategy. Some analysts believe the whale expects SOL and BTC to move higher together after recent market softness.

Analysts See “High-Conviction” Positioning

Crypto commentators described the activity as a clear display of conviction. Many said this type of size is rarely accidental and often comes before catalysts or improved liquidity conditions. One popular analyst noted that the whale may be preparing for a broader shift in market momentum. Others said the strategy reflects confidence in a potential BTC squeeze. With a strong next leg for SOL, especially with ecosystem activity rising. Meanwhile, Onchain Lens reminded users to credit researchers when sharing on-chain findings. It points out the amount of work required to track data at this scale.

Community Reactions Range From Humor to Shock

The community had plenty to say. Some joked about the whale trading “like it’s Monopoly money.” While they themselves think twice before paying for extra guac. Others called the whale’s approach “crypto on recruit difficulty.” Noting how effortlessly large players move through volatile markets. Despite the jokes, most traders agreed on one point. This kind of aggressive positioning is rare and usually signals a strong market view. With SOL and BTC still volatile, the whale’s positions will be closely watched for days to come.