Insider Whale Opens $4.36 Million BTC Long Leveraged 19x
On-chain data from Lookonchain shows whale address 0xC50a significantly increasing leveraged exposure to Bitcoin and HYPE within 12 hours, reinforcing a bullish stance in crypto derivatives trading.
BTC
ETH
HYPE
Summary
Whale address 0xC50a, monitored by Lookonchain, opened a 40x leveraged long on 149 BTC valued at $16.6 million and a 10x leveraged long on 284,501 HYPE worth $12.5 million in the past 12 hours. These positions add to earlier massive leveraged holdings in Bitcoin and Ethereum totaling $297 million, underscoring aggressive bullish positioning and high-risk appetite across multiple cryptocurrencies.
Terms & Concepts
- BTC Long: A trading position betting that Bitcoin’s price will increase over time.
- Whale: An individual or entity that holds a large amount of cryptocurrency, often capable of influencing market trends.
- Leveraged Long: A long position using borrowed capital to amplify potential returns, which also increases risk exposure.