Whale Adjusts Strategy: BTC Long Position Closed While ETH Surges Past $159 Million

On March 2nd, COINOTAG reported significant movements in the cryptocurrency market, highlighting a prominent whale’s strategic trading activities. This trader, utilizing a 50x leverage on Hyperliquid, has recently closed a long position of 469.48 BTC while concurrently increasing their long position in Ethereum to an impressive 72,000 ETH, which translates to roughly $159 million. Notably, the liquidation threshold for their Ethereum holdings is set at $2,152. Should the price of Ethereum decline by approximately $50, it risks hitting this liquidation point. Such substantial trading maneuvers underscore the ongoing volatility within the crypto landscape, emphasizing the necessity for investors to maintain vigilance regarding market fluctuations and leverage impacts.