Wu Shuo learned that, according to @EmberCN monitoring, a whale/institution that had accumulated a profit of approximately $96.67 million through multiple ETH swing trades has closed its BTC long position after a pullback. On-chain data shows that this address closed 3,846 BTC (about $350 million) one hour ago at an average price of approximately $91,158, incurring a loss of about $3.8 million in this long position. Yesterday, the whale transferred a total of 35.5 million USDC to Hyperliquid and continued to add to its BTC long position. After closing the position, it withdrew the remaining approximately 31.7 million USDC back to its on-chain wallet.
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Wu Shuo learned that, according to @EmberCN monitoring, a whale/institution that had accumulated a profit of approximately $96.67 million through multiple ETH swing trades has closed its BTC long position after a pullback. On-chain data shows that this address closed 3,846 BTC (about $350 million) one hour ago at an average price of approximately $91,158, incurring a loss of about $3.8 million in this long position. Yesterday, the whale transferred a total of 35.5 million USDC to Hyperliquid and continued to add to its BTC long position. After closing the position, it withdrew the remaining approximately 31.7 million USDC back to its on-chain wallet.