A major whale deposited 15.5 million USD USDC into the perpetual contract trading platform Hyperliquid and opened a large long position of 2,070 Bitcoins in the past 12 hours, representing an investment of approximately 191 million USD.
(Background recap: Memecoin rebounds first, is this the beginning of a bull market or a trap set by whales?)
(Additional context: MicroStrategy adds to its position for the first time this year! Investing an additional 116 million USD to acquire 1,283 Bitcoins, with USD reserves expanding to 2.25 billion USD)
According to the latest data from blockchain monitoring platform MLM, a cryptocurrency “whale” has been active recently, attracting market attention. Specifically, this whale currently holds about 30,060 stETH (worth approximately 97 million USD) and has provided assets totaling 370 million USD as liquidity on the decentralized lending platform Aave.
Notably, within the past 33 hours, the whale deposited 15.5 million USD USDC into the perpetual contract trading platform Hyperliquid and opened a large long position of 2,070 Bitcoins in the past 12 hours, equivalent to an investment of 191 million USD. At the same time, this whale has set a take-profit price of 93,300 USD for the entire long position, indicating strong confidence in a short-term rise of Bitcoin.
Bitcoin pulls back after breaking above 94,000 USD
Currently, Bitcoin is trading around 92,110 USD at the time of writing. Yesterday (January 6), Bitcoin briefly surged to a high near 94,000 USD, continuing the strong rally at the start of the year, but then faced selling pressure and has since pulled back. The overall market trend remains unclear, with traders closely watching whether Bitcoin can break through recent resistance levels or enter a consolidation phase. This large long position by the whale undoubtedly injects a bullish sentiment into the current volatile Bitcoin market and may influence short-term price movements. However, traders are reminded that large bets by whales are not necessarily always correct, and individual risk assessment and caution are still essential.
Image source: OKX
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