BTC Price Surges as ‘Hyperliquid 50x Whale’ Targets $68,774 Profit in Bold Limit Order

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

On March 16th, COINOTAG News reported that a significant market player, dubbed the “Hyperliquid 50x Whale,” executed a strategic limit buy order for 1551 BTC priced at $68,774, indicating a move to take profits. According to data from HyperInsight, the whale’s floating profit from its 40x short BTC position has decreased to $3.05 million, with a substantial notional value of $376 million. This position was initially entered at $84,018.8 and has a liquidation threshold set at $85,504. Such trading maneuvers highlight the ongoing volatility and critical dynamics affecting the Bitcoin market, as investors continuously recalibrate their strategies in response to market conditions.