Whale Opens Bitcoin Position Worth Rp7 Billion, Unrealized Profit Touches US$4 Million
A wallet address on the Hyperliquid platform has been recorded opening a *long* position in Bitcoin (BTC) with a fantastic value reaching US$423.83 million or equivalent to Rp7 billion using 20x *leverage* on Tuesday (06/17) morning. This position involves 3,952.66 BTC with an *entry* price of US$106,014.
According to visible data from HyperDash, this position has generated an unrealized profit (PnL) of US$4.79 million at the time this article was written during the same period. However, this position will be liquidated if the price of Bitcoin drops to US$103,330.
As information, this whale action has attracted attention amid the increasing volatility of the Bitcoin market. Large positions like this can trigger market sentiment and serve as an indicator of large players' confidence in the bullish trend of Bitcoin.
*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR).
