"A whale that profited $96.67 million through ETH trading has moved to futures contracts and is now 20x long on Bitcoin."
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According to ME News, on January 7th (UTC+8), based on Ember's monitoring, a "whale/institution that profited $96.67 million through multiple ETH swing trades" has shifted to futures trading. From yesterday until now, they have transferred a total of 15.5 million USDC to Hyperliquid, and then opened a long position of 980 BTC (worth $90.87 million) with 20x leverage. The opening price was $92,885, and they are currently experiencing a floating loss of $150,000. They also currently hold 30,000 ETH (worth $97.7 million) in spot trading. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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