The post Whale Moves: 5 Million USDC Deposited into Hyperliquid for 20x BTC Long Position at $77,231 appeared on BitcoinEthereumNews.com.

On April 7th, COINOTAG News reported significant movement in the cryptocurrency market as a prominent **whale** executed a notable transaction. According to **Onchain Lens** monitoring, this investor deposited **5 million USDC** into **Hyperliquid**, a decentralized exchange platform renowned for its robust liquidity. In tandem with this deposit, the whale initiated a **20x leveraged BTC long position** at an average entry price of **$77,231**. Such high leverage indicates a strategic bet on Bitcoin’s upward trajectory, highlighting ongoing investor confidence. As **leverage trading** continues to gain traction in crypto markets, this transaction underscores the necessity for careful analysis, as volatility remains a prevalent concern. Traders and market analysts are advised to monitor these developments closely, as high-stakes trading activities can influence short-term price fluctuations within the digital asset ecosystem. Source: https://en.coinotag.com/breakingnews/whale-moves-5-million-usdc-deposited-into-hyperliquid-for-20x-btc-long-position-at-77231/

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Filed under: News - @ April 7, 2025 1:22 pm