📢📢📢📢Has the hunt for whales begun?
Bitcoin has dropped by -1.2%, and top trader [@JamesWynnReal] reacted instantly:
🔹 Deposited 10.88M USDC on Hyperliquid in the last hour
🔹 Partially closed a long position at $PEPE with a loss, to avoid liquidation on $BTC
Current position:
• 6,680 BTC (~730.4M$)
• Liquidation price: 107,290$
• Unrealized loss: -5.18M$
Link to position: https://hypurrscan.io/address/0x50
Judging by the actions, the whale is clearly not ready to give up and is betting on continued growth. Injecting liquidity to survive the downturn.
Your thoughts: is this confidence in a reversal or capitulation before the storm?