One of the crypto market’s most closely tracked whales is making waves again—this time with even larger bets. A veteran Bitcoin OG, identified on-chain as “1011short,” has been aggressively expanding a massive multi-asset long position spanning Ethereum, Bitcoin, and Solana. Fresh on-chain data reveals the trader now controls over $611 million in leveraged long exposure, ranking it among the largest directional bets of the current market cycle.
The whale’s bold positioning has drawn widespread attention, particularly as he continues to add capital during market pullbacks—signaling strong conviction rather than caution.
Ethereum Dominates the Whale’s Long Exposure
Ethereum remains the cornerstone of the strategy. Data from Hyperliquid and HypurrScan shows the trader currently holds 150,466 ETH, valued at approximately $491 million, in a 5x cross-margin long position. The average entry price sits near $3,184, with ETH trading around $3,262 at the latest mark.
In addition, the whale has placed fresh limit orders totaling 40,000 ETH between $3,030 and $3,258, indicating a clear intention to scale further into any downside moves.
These newly placed orders alone represent an additional $125 million in potential exposure. Over the past 48 hours, the position has experienced sharp swings—ranging from more than $26 million in unrealized gains to over $2 million in losses, before rebounding once again. Despite the volatility, the whale continues to increase position size, demonstrating a level of conviction rarely seen among traders.
BTC and SOL Add More Firepower
Beyond Ethereum, the whale is also heavily positioned in Bitcoin and Solana. He currently holds 1,000 BTC, valued at approximately $92.6 million, at 5x leverage, with an entry price near $91,500, leaving the position close to breakeven.
Solana exposure has expanded as well. The trader now holds 212,907 SOL, worth nearly $28 million, deployed at a far more aggressive 20x leverage. In addition, a limit order for 50,000 SOL at $138.6 remains open, representing another $6.9 million in potential exposure if filled. This mix of high leverage across three major assets has turned the address into one of the most influential traders on Hyperliquid.
Fresh Deposits Signal More Buying Power
The whale’s activity extends beyond open positions. Earlier today, he deposited an additional $110 million in USDC into Hyperliquid—specifically to expand BTC and SOL longs, according to Lookonchain.
Following the deposit, the whale’s updated holdings stood at:
- 140,094 ETH (~$450 million)
- 1,000 BTC (~$91.8 million)
- 100,000 SOL (~$13.6 million)
Notably, the trader has shown no hesitation in adding to positions even while they are underwater, suggesting either a long-term bullish outlook—or access to exceptionally deep capital reserves.
Market Watches as Stakes Rise
This aggressive positioning comes at a pivotal moment for the crypto market, as volatility increases and liquidity deepens across major Layer 1 ecosystems. The whale’s actions have effectively become a real-time sentiment signal, with traders monitoring his address as closely as price charts themselves.
For now, the Bitcoin OG continues to double down. Whether this trade becomes a legendary win or a costly liquidation is a question the entire market is watching closely.
