A cryptocurrency whale has opened a $102 million leveraged long position on Bitcoin using 20x leverage via the HyperLiquid derivatives exchange, highlighting the high-risk, high-reward nature of such trades.
The position was established with an entry price of $105,173.2 and faces liquidation if Bitcoin falls to $101,280. Despite minimal price fluctuations, the position currently shows an unrealized gain of approximately $12,000.
Large-scale leveraged positions are closely monitored by market participants for potential insights into institutional sentiment and directional bias, given whales’ capacity to influence market volatility through concentrated trades.