PANews, March 15: According to on-chain analyst Yujin, a large whale has closed its long positions in BTC and ETH contracts on Hyperliquid and instead purchased ETH spot. The whale closed long positions of 20,000 ETH and 600 BTC (valued at $84 million), realizing a profit of $2.75 million, and subsequently 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 over 12,000 ETH spot
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Summary
A whale closed BTC and ETH futures positions on Hyperliquid and executed a spot grid strategy, purchasing over 12,000 ETH. The whale unwound 20,000 ETH and 600 BTC long positions (worth $84 million) for a $2.75 million profit, then spent $24.87 million to accumulate 12,027 ETH at $2,068. The move aligns with key support and resistance levels, indicating a shift from leveraged exposure to direct spot holdings.
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