Insider Named "O" Whale Closed Bitcoin: Added to Massive Ethereum Long! - Coin Bulletin

A mysterious whale closed all (BTC) positions and turned to Ethereum, opening a new long position exceeding a total of 272 million dollars.

According to data shared by on-chain analysis platforms Lookonchain and Spot On Chain, an unidentified whale, who is claimed to be an insider, recently deposited 10 million dollars' worth of the stablecoin USD Coin (USDC) into the popular cryptocurrency exchange Hyperliquid. The new positions opened by the whale have caused astonishment in the markets.

In total, it is seen that a very high leverage is used in these transactions exceeding 175 million dollars.

In Ethereum, Whale's position was approximately $150 million in size and was opened with 50 times leverage, with an average entry price of $1,884.4 determined. If the price of ETH falls below $1,805, this massive position will be liquidated.

On the Bitcoin side, the whale had opened a position of approximately 25.5 million dollars with 20 times leverage. While the average entry price in BTC was $82,003.9, the liquidation price was at $61,182.

The whale converted all its positions in BTC to ETH and placed a limit order to buy a total of 5,508 ETH at a price of 1,921 dollars.

In this way, the whale increased its total Ethereum position to 141.014 ETH, making a huge transaction of approximately 272.4 million dollars. While the average entry price of the position is recorded as 1,900.28 dollars, the liquidation price is determined as 1,805.6 dollars.

The same whale had achieved a 100% success rate in similar leveraged positions opened in Ethereum in the previous two days, making a total net profit of 2.2 million dollars. The extraordinary success in these transactions has raised speculations that the whale may have insider information.