On March 13th, COINOTAG News reported significant activity from a notable market participant dubbed the “50x Leverage Whale.” This entity has strategically enhanced its margin positions on both Hyperliquid and GMX, demonstrating a keen interest in BTC volatility. Following these adjustments, the total margin on Hyperliquid surged to $2.3 million, while GMX’s margin climbed to $6.756 million.
Notably, the whale has engaged in a BTC short position utilizing 40x leverage on Hyperliquid, bringing the total position size to 347.82 BTC, valued at approximately $28.87 million. The entry point for this position was marked at $83,109, with the liquidation threshold set at $86,551. Such strategic trading moves illustrate the intricate tactics employed by large operators within the crypto markets.