Bitcoin Long Position Reaches $17M as ‘Buddy’ Opens Position in About 10 Minutes, COINOTAG Reports

COINOTAG News, on December 20, citing Hyperinsight, reports that a trader operating under the alias ‘Buddy’ initiated a long exposure across Bitcoin, ZEC (Zcash), and HYPE within roughly ten minutes. At the time of filing, the aggregate long position stood near $17 million, underscoring a targeted, multi-asset bullish stance rather than a single-asset bet.

Hyperinsight data highlight market activity and liquidity moves among large traders, with this rapid cross-asset setup suggesting tactical risk management and portfolio diversification. The report frames the event as an indicative signal of appetite for exposure to major crypto assets, rather than an explicit forecast of near-term price direction.