Whale Moves $10M USDC to Hyperliquid, Aggressively Longs Bitcoin with $84.53M Position

COINOTAG News reports that a significant market participant recently moved 10 million USDC from Bybit to Hyperliquid, signaling a strategic shift in capital allocation. This whale has initiated a substantial long position on Bitcoin (BTC), currently valued at approximately $84.53 million. The position remains in an active accumulation phase, indicating a strong conviction in upward price momentum. The entry price for this leveraged trade is set at $106,767, with a liquidation threshold at $95,343, reflecting a calculated risk management strategy. Market observers should monitor this development closely, as such large-scale movements often precede significant market trends. This transaction underscores the growing influence of institutional players in the crypto derivatives space and highlights the importance of tracking on-chain and exchange flow data for informed trading decisions.