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According to LookIntoChain on-chain monitoring, a whale address identified as 0xC50a executed a 40x long on 149 BTC in the past 12 hours, with a notional value near $16.6 million. The move signals elevated risk-taking among large holders and contributes to liquidity dynamics in the BTC market.
Separately, the same address opened a 10x long on 284,501 HYPE tokens, totaling about $12.5 million in exposure. This parallel altcoin positioning indicates diversification into sizable alt token exposure and aligns with a cautious yet constructive stance in near-term market liquidity, per LookIntoChain‘s on-chain data.
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