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COINOTAG News, citing LookIntoChain monitoring, reported a notable whale move in the last two hours. The address 0x8d0E opened a 20x long BTC (Bitcoin) position, acquiring 300 BTC for approximately $28.7 million. The setup implies a liquidation price around $60,424.60, signaling a high‑leverage bet amid current liquidity conditions.
That same address had previously incurred a loss of about $6.35 million on the Hyperliquid platform, underscoring the risk profile of levered crypto strategies. The development illustrates ongoing volatility in the crypto markets and the importance of disciplined risk controls for sophisticated participants.
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