🐋 Whale Goes 20x Long on BTC & ETH With $3.57M USDC
BlockBeats reports that a whale has deposited 3.57M USDC into HyperLiquid and opened 20x leveraged long positions on Bitcoin (BTC) and Ethereum (ETH).
📊 Market Snapshot:
▪️ BTC: -2.57% (pullback from recent highs)
▪️ ETH: -6.72% (testing support levels)
▪️ USDC deposit: $3.57M → Margin for high-risk leverage
🔍 Why 20x Long on BTC & ETH?
▪️ Dip-buying strategy: Entering longs after sharp retraces, expecting rebound
▪️ Confidence in majors: BTC & ETH seen as the strongest long-term plays
▪️ High conviction: Large capital + aggressive leverage = bullish conviction in short-term bounce
▪️ Market psychology: Whales often use volatility to push liquidations before catching the reversal
📈 For Traders:
A 20x long magnifies profits and risks. If support holds, payoff is huge - but a deeper drop could trigger fast liquidation.
💡 Key Insight:
This whale bet shows strong faith in a BTC & ETH rebound, but it also highlights the extreme risk appetite in the current market.
Do you think this is a smart dip-buy or an overleveraged gamble?
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