Whale Makes $102 Million 20x Leveraged Bitcoin Bet on HyperLiquid, Showing $12K Unrealized Profit

According to recent on-chain analytics reported by COINOTAG News on June 24th, a significant whale transaction has emerged in the Bitcoin market. The investor initiated a leveraged long position on Bitcoin through HyperLiquid, utilizing 20x leverage with a substantial position size valued at $102 million. The entry price for this trade was recorded at $105,173.2, while the liquidation threshold is set at $101,280. Presently, the position reflects an unrealized gain of approximately $12,000, underscoring the high-risk, high-reward nature of leveraged crypto trading. This move highlights ongoing institutional interest and the dynamic risk appetite within the Bitcoin derivatives market, emphasizing the importance of monitoring whale activity for market sentiment insights.