"Ethereum whale profits $96.67 million through band trading" switches to contracts, now 20x long on Bitcoin

ETH-1.45%
BTC-0.02%
USDC0.01%

BlockBeats News, January 7th, according to Ember Monitoring, “a whale/institution that profited 96.67 million USD through multiple ETH swing trades” has shifted to contract trading. From yesterday until now, it has transferred a total of 15.5 million USDC into Hyperliquid, then opened a long position with 20x leverage on 980 BTC ( worth 90.87 million USD ). The opening price was 92,885 USD, currently with an unrealized loss of 150,000 USD.

Additionally, it still holds 30,000 ETH ( worth 97.7 million USD ) in spot.

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