Ethereum Updates: HyperUnit's $55 Million Crypto Wagers Withstand $1.1 Billion Liquidation Surge

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Ethereum Updates: HyperUnit's $55 Million Crypto Wagers Withstand $1.1 Billion Liquidation Surge

Bitget-RWA2025/11/04 22:30

By:Bitget-RWA

- Ethereum fell below $3,400 on Nov 4, 2025, marking its first annual negative performance since 2025, while Bitcoin neared $100,000 support. - A $110M Balancer hack and Fed Chair Powell's hawkish comments triggered $1.1B in crypto liquidations, wiping out 303,000 traders' positions. - Whale HyperUnit defied the selloff by buying $37M Bitcoin and $18M Ethereum, contrasting with the Crypto Fear & Greed Index hitting 21. - Analysts debate Ethereum's $3,000 support and Bitcoin's $106,600 level, with market st

On November 4, 2025, Ethereum (ETH) dropped below $3,400, recording its first year-to-date loss since the beginning of 2025, when it started trading around $3,353, as reported by a

BeinCrypto report

. This sharp 7% decline—the largest in several months—wiped out all of ETH’s yearly gains and resulted in more than $1.1 billion in crypto liquidations within a single day, according to Coinglass. Over 303,000 traders were forced out of their positions, with $287 million in longs liquidated in just one hour, highlighting a significant unwinding of leverage across platforms.

Bitcoin

(BTC) also fell, reaching an intraday low of $100,721 and approaching its key $100,000 support level, a threshold not seen since June.

Ethereum Updates: HyperUnit's $55 Million Crypto Wagers Withstand $1.1 Billion Liquidation Surge image 0

According to an

Economic Times report

, the selloff was fueled by a mix of macroeconomic worries and security breaches. Hawkish comments from U.S. Federal Reserve Chair Jerome Powell, which cast doubt on a possible rate cut in December, heightened market anxiety. At the same time, a $110 million DeFi exploit on Ethereum’s

Balancer

protocol and a $93 million loss on Stream Finance further shook investor trust. These incidents led to a surge in forced selling, causing altcoins such as

Solana

and

BNB

to tumble as well. The widespread downturn erased $100 billion from the total crypto market capitalization in just one day, as traders moved toward safer investments.

During this period of volatility, a well-known crypto whale called HyperUnit has been actively buying. This trader, who previously made $200 million by correctly anticipating the October crash, has opened $37 million in Bitcoin and $18 million in

Ethereum

long positions on Hyperliquid, according to a

Live Bitcoin News report

. This stands in contrast to the prevailing market fear, with the Crypto Fear & Greed Index dropping to 21, its lowest reading since March 2025. Experts are split: some believe the $3,000 mark might hold due to large-scale buying by whales, while others caution that Bitcoin’s test of the $106,600 support, as highlighted in a

TradingView report

, could be pivotal in determining if the market finds stability or continues to fall.

Bitcoin’s movement is crucial for the entire crypto sector. A fall below $100,000 could trigger widespread stop-losses and intensify bearish sentiment. On the other hand, a recovery above $106,600 may indicate a short-term bottom, especially if institutional investors keep buying. For Ethereum, the $3,000 level is a significant psychological threshold; if it fails to hold, the price could revisit its 2024 lows around $2,800.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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