A new wallet that has started leaving traces on the blockchain has attracted attention. This wallet, associated with address 0x0c0B, created significant market activity in a short period. It first transferred 3.86 million USDC to the Hyperliquid protocol.
Major Bitcoin Position Strategy
Immediately after completing the fund transfer, the wallet made an aggressive move. It placed limit orders to buy 196 Bitcoin priced between $86,500 and $86,750. The total value of these orders reaches $16.97 million.
Market observers have begun questioning what this large-scale buy order signifies. Considering BTC’s current price at $92,160, these limit orders are ready to execute at lower price levels. The strategy is clear: to open a position at a more favorable entry point.
Market Signal and Expectations
Such large-volume transactions on derivative platforms like Hyperliquid typically indicate institutional or sophisticated participants. The decision to move nearly $20 million in capital can reveal what market players think about Bitcoin’s near-term movement.
The new wallet opening and the subsequent aggressive trading combination send a strong market signal, according to some analysts. Especially, a player willing to make bulk purchases at lower levels may reflect a certain outlook and confidence regarding upcoming price movements.
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Secret Player Opening BTC Position with Millions of Dollars: Major Trade on Hyperliquid
A new wallet that has started leaving traces on the blockchain has attracted attention. This wallet, associated with address 0x0c0B, created significant market activity in a short period. It first transferred 3.86 million USDC to the Hyperliquid protocol.
Major Bitcoin Position Strategy
Immediately after completing the fund transfer, the wallet made an aggressive move. It placed limit orders to buy 196 Bitcoin priced between $86,500 and $86,750. The total value of these orders reaches $16.97 million.
Market observers have begun questioning what this large-scale buy order signifies. Considering BTC’s current price at $92,160, these limit orders are ready to execute at lower price levels. The strategy is clear: to open a position at a more favorable entry point.
Market Signal and Expectations
Such large-volume transactions on derivative platforms like Hyperliquid typically indicate institutional or sophisticated participants. The decision to move nearly $20 million in capital can reveal what market players think about Bitcoin’s near-term movement.
The new wallet opening and the subsequent aggressive trading combination send a strong market signal, according to some analysts. Especially, a player willing to make bulk purchases at lower levels may reflect a certain outlook and confidence regarding upcoming price movements.