According to the latest monitoring by blockchain analytics platform Onchain Lens, on February 10, a whale deposited $1.22 million worth of USDC stablecoin into the decentralized trading platform Hyperliquid from the Ethereum address 0x960B...e2Ee.
This capital was immediately used to establish leveraged long positions, including a 5x leveraged long on Bitcoin (BTC), and 2x leveraged longs on Intel (INTC) and AMD.
Notably, the whale continues to add to these positions, signaling strong confidence in the market's direction, and has drawn close attention from on-chain observers.
Market Context
This leveraged move comes at a time when the crypto market is experiencing short-term volatility. BTC has been in a consolidation phase recently, while tech stocks in the US market have also seen some pullback. The whale's decision to enter with leverage suggests a bullish outlook on the medium to long-term trajectory.
- Longing BTC with leverage indicates sustained optimism about the digital asset market
- The positions on INTC and AMD may reflect expectations of a rebound in the semiconductor sector
- Such large-scale moves may influence short-term market sentiment