ME News reports that on September 9 (UTC+8), according to TradingBeats monitoring, a new Hyperliquid address created less than a day ago made its first trade today, purchasing 500 BTC in under four minutes, with a total transaction value of approximately $39.36 million. This address, starting with 0xcfe2, first received approximately 1,999,800 USDC at 12:08 yesterday, and another 9,900,000 USDC was transferred in at 02:03 today, both originating from the same address starting with 0x6b9e, totaling approximately $11,899,800 USDC in deposits. At 9:00 today, the address executed ten consecutive purchases of 50 BTC each, completing the acquisition of 500 BTC in just 3 minutes and 39 seconds. The current BTC position is valued at approximately $39,369,000, with an average purchase price of about $78,639.30 and an unrealized profit of approximately $49,300. The position is currently held with 20x full-collateral leverage, with a liquidation price of approximately $55,570.70. (Source: BlockBeats)
New Hyperliquid address buys $39.36M in BTC with $11.9M in USDC inflow
KuCoinFlashShare
Summary
On-chain trading signals emerged as a new Hyperliquid address executed 10 trades to buy 500 BTC in under four minutes on September 9, valued at $39.36 million. The address 0xcfe2 received $1.2 million in USDC on September 8 and $9.9 million on September 9 from 0x6b9e. The BTC was purchased at $78,639.30 with 20x leverage, yielding a floating profit of $49,300. The timing and scale suggest a strategic move near key support and resistance levels.
Source:Show original
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.