On January 31, data showed a whale address deposited 6 million USDC on Hyperliquid and placed buy orders across multiple price levels, indicating a clear low-entry strategy.
Whale's Strategic Move Breakdown
The wallet aims to buy 73.46 BTC within the $60,555 to $75,555 price range, totaling around $5 million. Additionally, it placed orders to acquire 100,000 HYPE tokens between $15 and $20.38, valued at approximately $1.77 million.
Market Impact Considerations
- Large-scale orders could positively influence market sentiment.
- The timing hints at the whale's bullish outlook on near-future price trends.
- Such moves might encourage similar actions from other investors.
Overall, this activity signals strong confidence in the current market dip, making future price action worth watching closely.