BTC OG Whale Adds $1.9M to Hyperliquid, Buys HYPE and BTC Longs

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Whale activity on May 21 (UTC+8) saw the 'BTC OG insider whale' deposit an additional 9 million USDC into Hyperliquid, bringing the total to $19.01 million. The whale is purchasing HYPE between $49.725 and $52.36, targeting $1.15 million, and holds $38.95 million in 5x BTC long positions with an $85,000 floating loss. This move reflects a calculated risk-to-reward strategy amid volatile market conditions.

ME News reports that on May 21 (UTC+8), according to on-chain analyst Aunt Ai (@ai_9684xtpa), the "BTC OG insider whale" has again deposited 9 million USDC into Hyperliquid, bringing the total deposited since yesterday to $19.01 million. The whale’s current buying activities include: - Limit buy orders for HYPE: Planning to purchase $1.15 million worth of HYPE in the price range of $49.725–$52.36 (currently holding $2.48 million in spot HYPE); - Long BTC position: Currently holding 504.4 units of 5x BTC longs, valued at $38.95 million, with an unrealized loss of $85,000. (Source: BlockBeats)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.