ZachXBT’s investigation claims that the mysterious 50X Hyperliquid whale is actually a British cyber criminal named William Parker (formerly known as Alistair Packover). Parker has a long history of fraud, hacking, and casino theft.

This trader made headlines by profiting roughly $20 million from a series of highly leveraged trades

Who is William Parker, AKA the 50X Hyperliquid Whale?

The “50X Hyperliquid Whale” is the nickname given to a trader known for using extremely high leverage—up to 50x—on decentralized perpetual futures platforms like Hyperliquid and GMX. 

William Parker is a British cyber criminal with a long track record in hacking and fraud. 

“I tracked down a recent payment from  0xe4d3 to an unnamed person who confirmed they had been paid by the Hyperliquid trader. They provided a UK phone number used to communicate with them. Public record reveals the name William Parker is likely tied to this number,” wrote ZachXBT. 

He was arrested in 2023 for allegedly stealing around $1 million from two casinos. Even after serving time, Parker continued his illicit activities. 

Reportedly, he has been using phishing scams and other techniques to acquire funds. He later leveraged these in high-stakes crypto trading.

So, how did he actually make $20 million in a very short time? The answer is ‘using leverage’. 

Understanding 50x Hyperliquid Trades

In crypto, leverage means borrowing funds to increase the size of your trading position. In this case, the whale used up to 50× leverage. This means that even a small favorable move in an asset’s price could multiply his profits many times over. 

For example, if he had a 50× leveraged position and the price moved 2% in his favor, that 2% swing could translate into about a 100% gain on his original investment.

“A whale who opened a $450 million short position on btc with 40x leverage closed all their trades, making a $9.46M profit in 8 days. Although this person is referred to as a “Hyperliquid whale,” they are actually a criminal, gambling with stolen funds,” wrote Web3 attorney Langerius.

The trader, William Parker, as revealed by ZachXBT, opened very large positions in cryptocurrencies like Bitcoin and Ether during volatile market moments. 

He timed his trades when the market was moving rapidly earlier this month due to the whole White House Crypto Summit and Bitcoin reserve saga. 

The volatile market sentiment allowed him to move around big events or sudden price changes.

“When a whale shorts over $450 million in BTC and wants a public audience, it’s only possible on Hyperliquid. Anyone can photoshop a PNL screenshot. No one can question a Hyperliquid position, just like no one can question a Bitcoin balance. The decentralized future is here,” Hyperliquid wrote on X (formerly Twitter).

How Did Parker’s Leveraged Trades Affect the Market?

In some cases, his massive trades also forced other traders into liquidation. When a trader’s position is liquidated, the system sells its assets at a loss to cover the borrowed funds. 

This boosted the whale’s gains and also disrupted the market. Although using 50× leverage is extremely risky, Parker managed his trades carefully.

His strategy was successful enough that he reportedly made around $20 million from these high-stakes moves.

Hedera (HBAR) has been trading below the $0.20 mark for the past week. The persistent downtrend has kept the token under pressure, as both technical indicators and price action suggest a cautious market environment.

Recent signals from both the DMI and Ichimoku Cloud highlight growing bearish sentiment, with sellers starting to gain ground. The question now is whether HBAR can maintain its footing above crucial support or if further downside is on the horizon.

Hedera DMI Shows Buyers Are Still In Control, But Sellers Are Growing

Hedera ADX, which measures trend strength, is currently at 16.15, up from 11.5 yesterday. Earlier today, it briefly reached as high as 17.16. While this is a modest uptick, it indicates that the trend is slowly gaining some momentum.

Alongside this, the +DI line, which tracks bullish pressure, has declined from 26.95 yesterday to 20.27, suggesting weakening buying strength.

On the flip side, the -DI line, representing bearish pressure, has increased from 13.97 to 16.65, indicating that sellers are becoming more active.

The ADX (Average Directional Index) gauges the strength of a trend regardless of its direction. Typically, an ADX reading below 20 signals a weak or non-existent trend, between 20 and 40 suggests a developing or moderate trend, and above 40 indicates a strong trend.

With Hedera’s ADX still below 20, the trend remains weak, but the recent uptick could hint at strengthening in the near future. However, with +DI declining and -DI rising, this shift suggests that bearish momentum is starting to outweigh bullish forces.

Even though the trend strength is still soft, this pattern could mean that HBAR may continue its downtrend unless buying pressure returns to overpower the sellers.

HBAR Ichimoku Cloud Shows a Bearish Setup After Key Resistance Wasn’t Broken

The Ichimoku Cloud chart for Hedera shows that the price is still struggling below the Kumo (cloud), which reinforces the prevailing bearish trend.

The price is currently trading just under both the Tenkan-sen (conversion line) and the Kijun-sen (base line). This suggests a lack of bullish momentum and confirms indecision in the short term.

The cloud ahead is red and thick, indicating strong overhead resistance. Until the price can decisively break above this resistance area, the bearish bias is likely to persist.

The Ichimoku Cloud system provides a holistic view of support, resistance, trend direction, and momentum. When the price is below the cloud, as HBAR is now, the asset is considered to be in a downtrend.

The Tenkan-sen and Kijun-sen lines provide shorter-term signals. The Tenkan-sen’s slight below the Kijun-sen is a subtle bearish signal, though their proximity also reflects a weak trend and potential consolidation.

Given that the price is below both lines and the cloud is acting as resistance above, HBAR is likely to remain under pressure in the short term unless buying volume increases enough to push it back above the cloud and trigger a trend reversal.

Can Hedera Fall Below $0.17 Soon?

Hedera price is currently trading within a tight range, caught between a resistance level at $0.195 and a key support level at $0.184.

The price action suggests that if the $0.184 support is retested and fails to hold, HBAR could quickly move lower to test the next significant support at $0.178.

A loss of that level could open the door for further downside, potentially driving the price below $0.17.

However, if HBAR manages to reverse this downtrend, the first hurdle will be the $0.195 resistance—an area it attempted to break above yesterday but failed.

A successful breakout above $0.195 could shift the momentum back in favor of the bulls and potentially trigger a move toward the next resistance at $0.21.

If bullish momentum strengthens beyond that, the price could target higher levels at $0.258 and $0.287, with a possible retest of $0.30 – the level HBAR hasn’t touched since January 31.

Berachain (BERA) is currently trading around $6.05, with a market cap sitting near $653 million, after pulling back from a recent high of $7.08 reached on March 17.

The asset has been consolidating after the recent price drop, as technical indicators suggest mixed signals. While bearish trends are still present, some early signs of bullish momentum are starting to emerge.

Berachain RSI Shows A Bullish Momentum Could Appear Soon

Berachain is showing signs of stabilizing after recent volatility, with its RSI currently sitting at 52, up from 35 just two days ago.

This rebound follows a sharp decline from an overbought level of 70.5, which was reached four days ago before the RSI cooled off.

The rise back above 50 suggests that bullish momentum is starting to regain some control after the recent correction, though the market remains relatively balanced between buyers and sellers for now.

The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and magnitude of recent price changes, helping to identify potential overbought or oversold conditions.

Typically, an RSI above 70 signals that an asset might be overbought and due for a pullback, while an RSI below 30 points to oversold conditions, which could precede a price bounce.

With BERA’s RSI at 52, it is now in neutral territory, signaling neither an overbought nor an oversold condition. This suggests that while the selling pressure has eased, buyers still need to build more momentum to drive a sustained uptrend.

BERA CMF Is Rising, But Buying Pressure Is Still Building

Berachain CMF is currently at -0.01, an improvement from -0.23 yesterday, indicating that selling pressure has started to ease.

However, despite this slight recovery, the CMF is still hovering in negative territory, suggesting that the market is not yet seeing strong capital inflows.

What’s notable is that BERA’s CMF hasn’t climbed above 0.10 since March 14, signaling a prolonged period of weak buying volume and cautious investor sentiment.

The Chaikin Money Flow (CMF) is a volume-based indicator that measures the flow of money into and out of an asset over a given period.

Values above 0 indicate buying pressure or accumulation, while values below 0 signal selling pressure or distribution. With BERA’s CMF still near neutral but below zero, it shows that while sellers are losing momentum, buyers have yet to take control firmly.

Until the CMF pushes decisively into positive territory – particularly above 0.10 – any upward price movement may struggle to sustain itself without stronger capital inflows.

Can Berachain Surge To $7?

Berachain EMA lines continue to reflect a bearish setup, with short-term moving averages positioned below the long-term ones.

This indicates that downward momentum still dominates the market. However, if Berachain manages to reverse this trend and build bullish momentum, the price could first target the resistance around $7.14.

A breakout above this level could open the door for a move toward $7.50 or even $8, a price level not seen since March 3.

On the downside, if BERA fails to establish an uptrend and bearish momentum persists, the price could fall back to test the key support at $5.78.

Losing this level would likely deepen the bearish outlook, potentially driving Berachain price lower toward $5.25 in the near term.

For now, the EMA alignment suggests that sellers still have the upper hand, but a shift in momentum could quickly change the market structure and trigger a rally.