According to on-chain analyst Yujin, a large whale has closed their long positions on BTC and ETH contracts on Hyperliquid and instead purchased ETH spot. They closed long positions of 20,000 ETH and 600 BTC (valued at $84 million), realizing a profit of $2.75 million, and then spent $24.87 million to acquire 12,027 ETH spot at an average price of $2,068.
Whale closes BTC and ETH futures positions, buys 12,027 ETH spot
TechFlowShare
Summary
A whale closed BTC and ETH futures positions on Hyperliquid and executed a spot grid strategy by purchasing 12,027 ETH at $2,068. The whale unwound $84 million in long positions, consisting of 20,000 ETH and 600 BTC, securing a $2.75 million profit. The $24.87 million was then used to accumulate ETH, likely targeting 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.