Whale Makes a Big Move: Deposits $15.5M USDC into Hyperliquid and Goes Long on 980 BTC with Leverage

Whale Makes a Bold Move into Derivatives Trading

According to on-chain tracking, a major whale or institutional trader who previously generated over $96.67M in profits through ETH trading has now expanded its strategy to include leveraged derivatives.

Over the past 24 hours, the whale has transferred $15.5M in USDC to Hyperliquid and opened a leveraged long position of 980 BTC with 20x leverage. At current prices, this position is worth approximately $90.87M.

Key Trade Details

The whale entered the position at an average price of $92,885 per BTC. While the position is currently showing a small unrealized loss of about $150,000, this could simply be the start of a larger market play.

• Multi-million dollar fund movement
• Use of high-leverage to amplify exposure
• Focus on BTC as the core long position

This move highlights the whale's adaptability to market conditions and suggests a strong conviction in BTC's future price direction.