An experienced Bitcoin investor has just transferred another 300 BTC to the Hyperliquid platform to trade ETH and has made significant profits in recent days.
Within three days, this investor recorded a total open profit of up to 84 million USD from long-term ETH positions on Hyperliquid.
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An experienced Bitcoin investor deposited 300 BTC equivalent to 34.78 million USD on Hyperliquid to trade ETH.
The long position of 135.265 ETH is worth approximately 581 million USD, with a floating profit of 49 million USD.
The spot trading of 100.979 ETH worth 435 million USD, with a floating profit of about 35 million USD.
What trades has the Bitcoin OG investor made on Hyperliquid?
A legendary Bitcoin investor recently transferred an additional 300 BTC, equivalent to 34.78 million USD, to the Hyperliquid platform to trade ETH. This activity shows a strategy of asset diversification by taking advantage of opportunities from ETH on the same exchange.
Hyperliquid was chosen for its ability to offer flexible derivative and spot trading, catering to this investor's need to expand their ETH position in large quantities.
How much profit has this investor made from ETH positions?
According to data recorded in the last three days, the long position of 135.265 ETH has a market value of about 581 million USD with an average entry price of 4.295 USD/ETH, resulting in a floating profit of nearly 49 million USD.
In addition, the spot trading of 100.979 ETH at an average price of 4.309 USD/ETH also generated a floating profit of up to 35 million USD, raising the investor's total open profit to 84 million USD.
Why is this move significant for the cryptocurrency market?
An experienced Bitcoin investor invests a large amount of ETH, especially in derivative and spot positions, reflecting strong confidence in the bullish trend of ETH. This is also a sign of complexity and diversification in professional cryptocurrency asset management strategies.
Achieving significant profits from both trading forms demonstrates the skills in risk management and close market monitoring, evidencing experience and expertise in the cryptocurrency investment field.
Frequently Asked Questions
What is Bitcoin OG in the cryptocurrency market?
Bitcoin OG refers to veteran investors with long-term experience and in-depth knowledge of the cryptocurrency market.
What kind of trading platform is Hyperliquid?
Hyperliquid is a cryptocurrency exchange specializing in derivative contracts as well as spot trading, supporting a variety of financial instruments for professional investors.
What does floating profit mean?
Floating profit refers to potential current profits that have not been realized, changing with market price fluctuations.
What are the characteristics of a long ETH position?
A long ETH position represents buying ETH in anticipation of a future price increase, thus profiting when the market rises.
What advantages does diversification between Bitcoin and ETH offer?
Diversification helps minimize risk and take advantage of profit opportunities from the growth of various cryptocurrency assets.
Source: https://tintucbitcoin.com/bitcoin-og-doi-300-btc-lay-eth-loi-lon/
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