Crypto Whale Opens $13.2 Million 10x Leveraged GOLD Long, Onchain Lens Reports

According to Onchain Lens, the wallet opened a second $13.2 million GOLD long on Hyperliquid after previously closing a $10.3 million trade with about $417,000 in profit, underscoring continued high-risk derivatives activity.

HYPE

Summary

According to Onchain Lens, a whale wallet beginning with 0x06a opened a second GOLD long position on Hyperliquid worth $13.2 million at an average entry price of $4,677. The position was down about $43,000, or 3.4%, on April 7. The same address had previously closed a $10.3 million GOLD long with roughly $417,000 in profit after about 230 hours, indicating the trader returned to the market with another large leveraged bet.

Terms & Concepts
  • Whale: A market participant with enough capital to place unusually large trades that can draw attention or influence market activity.
  • GOLD long: A bullish derivatives position that profits if the price of the GOLD-tracked asset rises and loses value if it falls.
  • Hyperliquid: A decentralized perpetual futures trading platform where users can open leveraged onchain derivatives positions.