On-chain Analysis Reveals Major Whale Activity
According to information shared by on-chain analyst Yu Jin, a certain on-chain whale withdrew $7.5 million from the Bybit exchange last night and transferred it to Hyperliquid as margin, expanding its long position in Bitcoin on Hyperliquid to $405 million at 20x leverage.
Data shows that this whale currently holds a long position of 3,686.32 BTC, with an average opening price of $108,569 and a liquidation price of $105,378.15, resulting in an unrealized profit of approximately $4 million.
