A piece of on-chain data has attracted attention— that whale/institution that made $96.67 million from ETH swing trading has recently become more aggressive.



No longer satisfied with stable gains from spot trading, this individual started exploring derivatives yesterday. In just over a day, they gradually transferred 15.5 million USDC into Hyperliquid, then made a bold move—going long 980 BTC with 20x leverage. The nominal value of this order reaches $90.87 million.

The entry price was set at $92,885, and so far, it has an unrealized loss of $150,000. It seems the timing of this entry was a bit off.

Interestingly, this whale also holds a spot position of 30,000 ETH, valued at $97.7 million. The dual strategy of spot and derivatives clearly indicates a bet that this market will show significant movement.

Shifting from conservative swing trading to high-leverage derivatives is quite eye-catching in the current market environment. Whether it’s full of confidence or an upgraded risk appetite, the future will tell.
ETH-3.26%
USDC0.06%
BTC-2.04%
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MetaMisfitvip
· 3h ago
Wow, going all-in with 20x leverage on BTC, this guy is really getting desperate.
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pumpamentalistvip
· 01-07 08:00
Wow, this guy really dares to do it. From a steady swing trader to a gambler... Using 20x leverage to trade BTC, it's either a huge profit or a liquidation explosion.
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NftRegretMachinevip
· 01-07 07:59
Bro, you're going all in, huh? Playing BTC with 20x leverage... your guts are really big.
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rug_connoisseurvip
· 01-07 07:58
Raging to turn leverage, this guy really isn't afraid. Entered with 20x leverage violently, with a floating loss of 150,000 without blinking, using both spot and futures contracts... Is this confidence or a desperate gamble? I really can't tell.
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BearMarketBardvip
· 01-07 07:57
Damn, going from stable range trading straight to 20x leverage—is this guy really getting overconfident or did he spot some opportunity?
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GasFeeSurvivorvip
· 01-07 07:44
Playing contracts is all about mindset. This guy is probably having so much fun that he's starting to get carried away.
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