$BTC Whale Opens Bitcoin Position Worth IDR 7 Billion, Unrealized Profit Reaches US$4 Million

A wallet address on the Hyperliquid platform was recorded opening a *long* position in Bitcoin (BTC) with a fantastic value of US$423.83 million or equivalent to IDR 7 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 HyperDash data, 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 falls to US$103,330.

For your information, this whale action has drawn attention amid the increasing volatility in the Bitcoin market. Large positions like this can trigger market sentiment and serve as an indicator of major players' confidence in Bitcoin's bullish trend.

*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR).

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