Bitcoin is currently confidently above $110,000, right at the moment when a mysterious cryptocurrency wallet executes one of the boldest leveraged trades of the year: a long position worth $54.5 million on BTC with leverage of up to 20x.
This wallet is known by the code "0x1f25," newly created and immediately funded with 10 million dollars in stablecoin USDC. This mysterious whale then opened a long position of 511.5 BTC on the decentralized exchange Hyperliquid, using full leverage. With an entry price of $107,712 and a liquidation level of $104,310, the trader is currently showing a paper profit of over 6 million dollars, a significant gain.
Many traders believe that the whale behind the wallet "0x1f25" could be James Wynn, a prominent trader on Hyperliquid, who has recently faced large liquidations.
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The mysterious Whale is currently making a profit of over 6 million dollars after going long Bitcoin with 20x.
Bitcoin is currently confidently above $110,000, right at the moment when a mysterious cryptocurrency wallet executes one of the boldest leveraged trades of the year: a long position worth $54.5 million on BTC with leverage of up to 20x.
This wallet is known by the code "0x1f25," newly created and immediately funded with 10 million dollars in stablecoin USDC. This mysterious whale then opened a long position of 511.5 BTC on the decentralized exchange Hyperliquid, using full leverage. With an entry price of $107,712 and a liquidation level of $104,310, the trader is currently showing a paper profit of over 6 million dollars, a significant gain.
Many traders believe that the whale behind the wallet "0x1f25" could be James Wynn, a prominent trader on Hyperliquid, who has recently faced large liquidations.