Crypto Whale Makes 10X Trade After Profiting Millions From Crash
A crypto whale who profited $192 million during the latest crypto crash has opened another bet against the market with 10X leverage.
According to data from Hypurrscan, the whale trader has opened a $163 million leveraged perpetual contract to short Bitcoin on the decentralized derivatives exchange Hyperliquid.
The trader entered the trade when Bitcoin was trading at $117,369.7, and the liquidation price for the position is $123,520. Since the trade was opened, BTC’s price has fallen to $115,255.36.
The trader has achieved an unrealized profit of more than $3 million since opening the position.
The crypto whale's latest trade is a high-risk, high-reward bet against the market.
Author's summary: Crypto whale makes 10X trade after crash profit.