BTC Whale Moves: Hyperliquid 50x Leverage Trader Holds 308.68 BTC with $100,000 Unrealized Profit

COINOTAG News reported on March 12th that the Hyperliquid whale, recognized for its significant trading activities, has made a strategic move by going long on Bitcoin (BTC) utilizing 20x leverage. This entity currently possesses an impressive 308.68 BTC, valued at approximately $25.47 million. The whale’s entry point for this position was marked at $82,206.5, resulting in an unrealized profit of $100,000 with a liquidation threshold set at $63,334.

In addition to its Bitcoin holdings, this notorious trader has also secured a long position in Ethereum (ETH) amounting to $150 million. Currently, this position reflects an unrealized profit of around $2.1 million and is safeguarded by a liquidation price of $1,839. As such, the whale’s tactical maneuvers could have implications for market dynamics, drawing attention from traders and analysts alike.