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A $90 Million Adventure: Whale Bets on Bitcoin and Ethereum Explosion!
In one of the boldest moves, trader (0x049b) opened double long positions with 20x leverage on both Bitcoin and Ethereum through the Hyperliquid platform. The whale injected $45.82 million into 586.68 Bitcoin units, simultaneously investing $44.67 million in 19,416 Ethereum units, making the total bet exceed $90 million.
Liquidation Points (Risk)
• Bitcoin: The trade will vaporize if the price reaches $75,564.02.
• Ethereum: The trade will vaporize if the price reaches $2,247.43.
This whale is risking a huge fortune, betting that the market has bottomed out and that the next rally is imminent.
And with 20x leverage, margins become very tight; any malicious move by "market makers" to drain liquidity could lead to a historic liquidation.
#DeFiLossesTop600MInApril
#HYPER
#elaouzi