Whale Makes Bold Moves: 6 Million USDC Deposit into Hyperliquid Sparks BTC and ETH Longs

In a notable development on March 2nd, COINOTAG reported an intriguing transaction involving a **whale** who deposited **6 million USDC** into the decentralized exchange Hyperliquid. Utilizing a **50x leverage**, the investor initiated long positions in both **Bitcoin (BTC)** and **Ethereum (ETH)**, currently reflecting an unrealized profit exceeding **1.6 million USDC**. Specifically, the investor entered a long position for ETH at **$2,197**, backed by a liquidation threshold of **$2,149.4**. Meanwhile, the significant bet on BTC was made at **$85,908**, with a liquidation price set at **$84,752**. This substantial leverage utilization demonstrates the ongoing interest in cryptocurrency investment strategies amid a volatile market. Investors and analysts are closely monitoring these movements as they could influence broader market trends in both BTC and ETH.