Whale '1011' Expands Bitcoin Short Position to 1,100 BTC with 10x Leverage
Whale 0xC50a has added $29 million in leveraged longs on Bitcoin and HYPE within 12 hours, increasing total long exposure beyond $297 million across major and emerging cryptocurrencies.
BTC
ETH
HYPE
Summary
Lookonchain data shows whale address 0xC50a opened two large leveraged long positions in the past 12 hours: 149 BTC at 40x leverage worth $16.6 million and 284,501 HYPE at 10x leverage worth $12.5 million. These additions come on top of $165 million in Bitcoin longs and $131 million in Ethereum longs on Hyperliquid, lifting total long exposure to over $297 million with around $3 million in prior unrealized profit. The activity underscores the whale’s aggressive bullish stance in volatile market conditions.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, the first and most widely recognized cryptocurrency, used as a digital asset and payment system.
- Long Position: A trading strategy in which an investor purchases an asset expecting its value to rise, aiming to sell it later at a higher price.
- Leverage: Using borrowed funds to increase the size of a trading position, magnifying potential gains and losses.