Whale Activity Sparks Market Watch
According to monitoring data on January 27, a seasoned BTC trader has begun accelerating the closing of its BTC long position on the Hyperliquid platform. Within just 5 minutes, this address reduced its holdings by over 400 BTC, down from an original 1000 BTC long position, leaving a current balance of 572 BTC, valued at approximately $50.26 million.
Notably, there are still 72 BTC orders waiting to be filled at the $87,800 price level, suggesting that the trader is methodically executing its position adjustment strategy.
ETH Position Remains Strong
At the same time, this address continues to hold more than 201,752 ETH in long positions on Hyperliquid, currently valued at about $585 million, demonstrating sustained confidence in the Ethereum market.
- BTC longs reduced from 1,000 to 572 BTC
- Current BTC holdings valued at ~$50.26 million
- 72 BTC orders still open at $87,800
- ETH position valued at $585 million
This series of moves indicates the trader may be rebalancing its overall portfolio and adopting a more cautious market approach.