Mystery Crypto Whale Strikes Again: Another Massive BTC Long Signals Bullish Confidence
Lookonchain statistics indicate that the infamous “Mystery Whale” has deposited a further 2.35 million USDC coins. The action seems to be in favor of maintaining a long position in Bitcoin, the top cryptocurrency by market value.
So far, the whale has secured an unrealized profit of $5 million in a single day. Over a quarter of a billion dollars has now been spent on the whale‘s massive long position. The whale is utilizing 20 times leverage on the $17.45 million in the account.
Bitcoin Hits $110K After Whale Goes All In With 20x Leverage
The aforementioned position’s current liquidation price is $105,090, which is 4.5% less than the entrance price. The mystery whale was initially 20X long on Bitcoin (BTC), according to Lookonchain. The whale placed $10 million on Hyperliquid and made a new wallet. After this, there was a significant increase in the price of Bitcoin, which surpassed $110,000.
Binance Traders Turn Bearish, But Bitcoin Bulls Place Bigger Bets
Cryptocurrency worth $437.90 million has been liquidated in the last 24 hours, according to statistics from CoinGlass. It goes without saying that the great majority of this wipeout ($386.50 million) includes short positions. Over the last 24 hours, 105,590 traders were liquidated. The 24-hour volume has increased by a staggering 130% in the last 24 hours, reaching $54 billion. Top Binance traders are leaning negative, as seen by the ratio of 68 long accounts to 100 short accounts. Those who are long Bitcoin, however, are placing larger bets.
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