Dev Whales Increased Their Leveraged Bets on Bitcoin: $1 Billion on the Table!
Three whales who opened a total of $1.03 billion in Bitcoin (BTC) positions are making a massive 40x leveraged bet that the record rise in BTC prices will continue.
The price of Bitcoin recently achieved its highest daily close of all time, surpassing the $107,000 level. While this excites investors, some giant whales are making risky moves to take advantage of BTC's rise. In particular, leveraged trades opened on the Hyperliquid platform showcase the market's volatility.
The three major whales currently hold a total leveraged position of $1.03 billion with 9,642 Bitcoin (BTC). The most notable of these giant positions belongs to the address 0x507. This whale, which opened the largest long position with 7,764 BTC (approximately $829.6 million), is currently sitting on a profit of $12.25 million. The liquidation price of the position is at the $100,340 level.
The other two whales have entered the market with positions of 1,100 BTC and 777.8 BTC, respectively. These positions have yet to yield profits and are currently trading at losses of $133,000 and $295,000, respectively.
How do leveraged trades affect Bitcoin?
Leveraged trades can lead to significant short-term fluctuations in Bitcoin prices. In particular, large positions with high leverage can cause the market to move sharply and suddenly. The giant positions opened by these three whales pose a risk of serious liquidations if the BTC price were to retreat to the psychological support of $100,000. Experts emphasize that investors need to closely monitor this situation.
