An interesting on-chain data point has surfaced. On January 7th, a well-known whale wallet (address 0xFB78) suddenly made a large move—transferring $15.5 million in USDC stablecoins to HyperLiquid. More notably, this fund was not idle but was immediately used to open a position. The whale went long on Bitcoin with 20x leverage, purchasing 980 BTC in one go, equivalent to a position of approximately $90.7 million at the time.
What does such an operation imply? On one hand, it reflects a bullish attitude among large investors regarding Bitcoin's short-term trend. On the other hand, such an aggressive leverage ratio also exposes risks—any rapid pullback could trigger a liquidation. Movements by such whales often serve as market indicators, making it worth monitoring their subsequent actions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
DogeBachelor
· 12h ago
Using 20x leverage to buy 980 Bitcoin directly, this whale really dares to do it. One pullback and it's game over.
View OriginalReply0
MEVSupportGroup
· 01-07 07:58
Playing with 20x leverage and going so big? Your mindset is really broad. I just can't understand this kind of operation.
View OriginalReply0
StablecoinEnjoyer
· 01-07 07:58
Playing with 20x leverage this big? Bro, you're gambling with your life.
---
The whale's moves are so aggressive, we need to keep close.
---
Over 90 million in positions... a single pullback and you're liquidated? I wouldn't dare play like that.
---
Really daring, 980 Bitcoin in one go. Who has such boldness?
---
Let's wait and see the liquidation show. 20x is too crazy.
---
Stacked so much stablecoins, clearly optimistic. But the approach is a bit too aggressive.
---
This whale's move feels like setting up a big pancake to let retail investors take the fall.
---
Transferring 15.5 million, instantly becoming a 90.7 million position... I can't do the math.
---
How low does the liquidation price need to be to trigger? Has anyone calculated it?
---
This is called gambler's mentality—when funds are sufficient, they dare to go all in.
View OriginalReply0
OnChainSleuth
· 01-07 07:54
Playing with 20x leverage so aggressively, not backing down is really true.
---
Is it really that straightforward for whales to enter the market? The contract is about to explode?
---
Huh? A position of over 90 million dollars just to gamble on the short term? I just can't understand.
---
I'll time this guy's liquidation moment.
---
Here we go again, when big players move, the whole network watches closely.
---
20x... this is a bit crazy.
---
Feels like the risk outweighs the reward with this kind of operation.
---
The market trend indicator, right? Then we'll just wait and watch the show.
---
Whale really went all in this time.
View OriginalReply0
airdrop_whisperer
· 01-07 07:53
Playing with 20x leverage this big, is it because you're really optimistic or just want to take a gamble... Anyway, I don't understand this move.
An interesting on-chain data point has surfaced. On January 7th, a well-known whale wallet (address 0xFB78) suddenly made a large move—transferring $15.5 million in USDC stablecoins to HyperLiquid. More notably, this fund was not idle but was immediately used to open a position. The whale went long on Bitcoin with 20x leverage, purchasing 980 BTC in one go, equivalent to a position of approximately $90.7 million at the time.
What does such an operation imply? On one hand, it reflects a bullish attitude among large investors regarding Bitcoin's short-term trend. On the other hand, such an aggressive leverage ratio also exposes risks—any rapid pullback could trigger a liquidation. Movements by such whales often serve as market indicators, making it worth monitoring their subsequent actions.