Whale Sells 1,764 ETH on Hyperliquid for $8.3 Million USDC
According to Onchain Lens, the '1011 Insider Whale' deposited 30 million USDC into HyperLiquid and opened a 10x leveraged BTC short worth $76 million.
BTC
ETH
USDC
Summary
On October 20, Onchain Lens reported that the '1011 Insider Whale' deposited 30 million USDC into HyperLiquid to open a Bitcoin short position with 10x leverage. The whale currently holds 700 BTC valued at approximately $76 million, with an entry price of $109,133.1 and a liquidation price of $150,080. This move marks another major leveraged position on HyperLiquid, reflecting continued whale activity and speculative sentiment in the crypto derivatives market.
Terms & Concepts
- USDC: USD Coin, a stablecoin pegged to the US dollar, commonly used for trading and transferring value in cryptocurrency markets.
- BTC short position: A leveraged position where an investor bets on the decline of Bitcoin's price, aiming to profit from falling values.
- HyperLiquid: A decentralized perpetual futures exchange that enables high-leverage cryptocurrency trading directly on-chain.