On August 8, on-chain data revealed that a whale significantly increased its 40x Bitcoin long while initiating 20x short positions on SOL and XRP and maintaining a 10x BNB long, amassing nearly $54M in profits on HyperLiquid.
On August 8, on-chain data revealed that a whale increased its 40x leveraged Bitcoin long position by 158.32 BTC, totaling $30.46 million at an average entry of $117,170. The trader also initiated 20x leveraged short positions on SOL and XRP, valued at $13.66 million and $1.19 million respectively, while holding a 10x leveraged BNB long. Additionally, earlier reports noted a large deposit of SOL to acquire HYPE and ETH, indicating diversified trading strategies on HyperLiquid.