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Crypto Whales Turn Aggressively Bullish With High-Leverage Longs on Hyperliquid

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Crypto whale activity in the crypto derivatives market shot up dramatically in a two-hour period, with three big traders going long on Bitcoin and Ethereum in high leverage on the Hyperliquid platform. 

Based on on-chain tracker Lookonchain, the synchronized increase in long exposure is an indication of growing optimism in a future bullish run in the overall crypto market. The size of the trades, coupled with the aggressive leverage use, immediately attracted attention throughout the trading fraternity.

Whale 0x0ddf Opens Dual Leveraged Longs on BTC and ETH

Two important positions were initiated by the first crypto whale, which was address 0x0ddf. The trader initiated a 3x long on 311.9 BTC which is equal to $27.14 million, and a 2x long on 5,176 ETH, equivalent to $15.15 million. The total exposure is more than 42 million dollars and 0x0ddf is the biggest player of this bullish wave.

Whole market analysts observed that the moderate leverage levels of the whale indicated that there was a high conviction position but with low liquidation risk.

Whale 0x2c26 Takes a 20x Long on 346 BTC Worth $30 Million

The second crypto whale, wallet 0x2c26, opened a 20x long on 346 BTC, worth about 30 million dollars. On platform, position is reported as around $86,997 with 346.05 Bitcoin in exposure. The dashboard of the whale shows a total of 4.42 million dollars in account value which is basically composed of perpetual futures. 

The trade is currently indicated to be experiencing a small unrealized loss at the liquidation price which is recorded to be close to $75,115 indicating the risk level at 20x leverage. The boldest directional bet by the three traders is that of this crypto wallet.

Whale 0x535e Opens 25x Long on 7,000 ETH

Another whale, address 0x535e, made one of the highest leveraged longs of the week, with a 25x long of 7,000 ETH, which was worth 20.49 million. The dashboard of Hyperliquid shows that the price of entry is approximately 2,893 and the position already indicated a profit of more than 239,000 unrealized due to the opening. 

The liquidation threshold is near to $2733, which means that there is very low tolerance of downside as leverage is high. The total value of the account is recorded at $1.74 million, which is invested in the single Ethereum perpetual position.

Crypto Market Interprets Whale Activity as a Strong Bullish Signal

Crypto traders in X and Telegram responded swiftly to the whale long exposure increase. Other commentators suspect that the coordinated timing is an indication of collective feeling or insider trading of impending macro or market driving forces. Some warn that high-leverage positions are more volatile and may enhance crypto market fluctuations in case the prices are moving against the whales.

At present, the aggressive stance of these three giant wallets implies the increasing confidence in a further rise in the market, and thus, Hyperliquid becomes the epicenter of the whale-based market activity this week.

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