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Crypto Whale Opens $95.3 Million 3x Leveraged Long on Bitcoin

Crypto Whale Opens $95.3 Million 3x Leveraged Long on Bitcoin

The whale address, now identified as 0x8d0E, has intensified its Bitcoin exposure with a fresh $28.7M 20x leveraged long on Hyperliquid despite recent multimillion-dollar losses.

BTC
HYPE

Fact Check
The assessment is 'likely_true' with high confidence due to strong, consistent evidence from multiple credible sources. A major cryptocurrency data aggregator, CoinGecko, directly confirms all key details of the statement: a $95.3 million notional value, 3x leverage, and a long position on Bitcoin. It adds credibility by specifying the platform (Hyperliquid) and providing technical data like the liquidation price. This is corroborated by a crypto news report which, while a secondary source, points to a primary source of its own—the blockchain analytics platform Hyperinsight—and even provides a specific wallet address, adding a layer of verifiability. The complete agreement between the sources on all crucial facts, coupled with the high authority of the primary data source, makes the statement highly probable.
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Summary

A crypto whale using the address 0x8d0E has opened a 20x leveraged long for 300 BTC worth $28.7 million on Hyperliquid within the last two hours, setting a liquidation price at $60,424.6. This move follows an earlier $6.35 million loss on the platform. The whale also holds a 3x leveraged long of 1,000 BTC valued at $95.3 million and a spot holding of 251 BTC worth $24.18 million, bringing total Bitcoin exposure to approximately 4,169 BTC. The activity demonstrates an aggressive accumulation strategy combining high leverage and spot positions despite prior setbacks.

Terms & Concepts
  • Whale: An individual or entity holding large amounts of cryptocurrency, capable of influencing market movements.
  • Leveraged Long Position: A trade using borrowed funds to amplify exposure in anticipation of an asset’s price increase.
  • Liquidation Price: The asset price at which a leveraged position is automatically closed to prevent further losses.