Bitcoin News Today: $300 Million Bitcoin Whale Move Indicates Institutions Turning to Leverage Approaches
- A Bitcoin whale with a 100% win rate in leveraged trades has boosted its BTC/ETH long positions to $296M, with $165M in BTC and $132M in ETH. - The whale alternates between long/short positions, recently adding 173.6 BTC at $110,680 and facing $1.17M in unrealized losses on BTC shorts. - Its 5x leveraged $62.4M ETH position yields $240K profit, making it Hyperliquid's second-largest ETH long with an entry price of $3,862.37. - Analysts highlight the whale's systematic approach but caution that past succe
An enigmatic
This aggressive accumulation comes after a week of calculated maneuvers. By October 24, the whale’s BTC long had already climbed above $144 million, with its ETH long at $129 million, totaling $274 million in exposure. However, by that date, the position had shifted from gains to a floating loss of $384,000,
On the short side, the whale temporarily raised its BTC short position to 666 coins ($74.43 million) on October 25, but now faces an unrealized deficit of $1.17 million, according to
The whale’s ETH long was also notably increased on October 24, when it opened a 5x leveraged position worth $62.4 million, making it the second-largest ETH long on Hyperliquid. Entering at $3,862.37, this trade currently shows an unrealized gain of $240,000, according to
While the whale’s moves reflect strong conviction in Bitcoin’s long-term prospects, market conditions remain volatile. Analysts emphasize that the whale’s tactics are based on real-time data and active liquidity management, rather than speculative predictions. As the crypto sector faces ongoing regulatory and macroeconomic challenges, the whale’s persistent activity may indicate growing institutional interest in leveraged trading strategies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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