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As the tariff tension between the US and China continues, Bitcoin, Ethereum and altcoins are experiencing sharp declines.
Bitcoin fell below $75,000 for the first time since November 2024, while Ethereum fell below $1,500 for the first time in 2 years.
While BTC and ETH continue to show signs of weakness, the giant whale known in the market as the Hyperliquid 50x whale has made a move again.
As you may recall, this whale had previously opened a trade with 50x leverage on Hyperliquid during the declines and earned $15 million.
After nearly two weeks of inactivity, the Hyperliquid whale opened a long position on ETH with 20x leverage.
The position size was approximately 32,875,676 ETH ($47.62 million) and the liquidation price was $1,398.9.
“The Hyperliquid 50x whale, which has been inactive for half a month, is active again.
He opened a 20x long position in ETH worth $47.62 million and the liquidation price was $1,399.
The whale recently transferred 3 million USDC to Hyperliquid as collateral and opened a long position of 32,800 ETH at $1,461.6.”
Time will tell whether the giant whale will emerge from the high volatility in the market with a loss or a profit.
*This is not investment advice.
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