Bitcoin whales increase BTC shorts with 40X leverage before Trump announcement
Market Update on Bitcoin Key Highlights: Bitcoin investors, often referred to as whales, are becoming more pessimistic about the cryptocurrency’s price just as President Trump is set to address the public. Since October 10, when Bitcoin reached a peak of $102,000 on Binance, there has been noticeable activity in the derivatives market. Traders now view […]
Hyperliquid initiates a $1.1 billion Bitcoin long position with 40x leverage
A major player in the crypto world has ramped up its leveraged long position on Bitcoin, now totaling $1.1 billion, through the decentralized exchange, Hyperliquid. An account on X, going by “James Wynn,” claims responsibility for this hefty investment, which has reportedly gained $36 million in recent trading. Data from Hypurrscan’s Block Explorer supports this […]