Whale Flipped BTC Long and Deposited USDC into Hyperliquid, What’s Cooking?

TheNewsCryptoPublished on 2026-01-07Last updated on 2026-01-07

Abstract

A whale has made significant moves by flipping a long Bitcoin position to a 3x short and depositing $1.9 million USDC into Hyperliquid. This activity coincides with another whale depositing $12.5 million USDC and buying HYPE tokens. These actions follow BlackRock's withdrawal of nearly $374 million in Bitcoin and Ethereum from Coinbase over two days. In terms of price action, HYPE saw a slight 24-hour gain, trading at $27.36, while BTC dipped to ~$92,650. Predictions suggest BTC could see short-term gains, potentially reaching ~$102,615, whereas HYPE is projected for a possible correction of over 20% in the coming months. The whale's short on BTC and accumulation of HYPE highlight these contrasting outlooks.

A whale wallet just flipped a long position in BTC and simultaneously deposited USDC into Hyperliquid. The move has drawn the attention of crypto enthusiasts, triggering anticipation about their movements on price charts in the times to come. While BTC could see short-term gains, HYPE is being projected to yield possible returns in the long-term.

Flipping BTC and Depositing USDC

A whale wallet acted after 2 months to deposit USDC worth approximately $1.9 million into Hyperliquid. On the sidelines, the whale flipped his long position in BTC to a 3x short position with the present value of around $12.95 million. Notably, another whale wallet bought HYPE for $270k after depositing $12.5 million USDC into Hyperliquid yesterday.

The move comes hours after BlackRock withdrew 3,948 Bitcoin tokens and 1,737 Ethereum tokens. Their worth was approximately $367.93 million and $5.65 million, respectively, at the time of the transaction. BlackRock has reportedly withdrawn 7,146 BTC and 6,851 ETH from Coinbase over the past 2 days.

Gains and Losses for HYPE and BTC

Accumulation of HYPE and flipping BTC position could be linked to their recent gains. HYPE, for starters, noted an upswing of 1.05% over the last 24 hours. It is now trading at $27.36, which is also after a jump of 6.32% in a week.

BTC, on the other hand, slipped by 1.27% over the last 24 hours to trade at $92,648.91 when the article is being drafted. The flagship cryptocurrency is up by 4.84% on a weekly timeline.

HYPE and BTC in 2026

A short-term trajectory of BTC indicates the possibility of noting gains as high as 10.59%. BTC price prediction estimates the token to trade at around $102,615 in the next 3 months amid the medium volatility of 2.12%. All this while it tests critical support and resistance levels of $89,75 and $94,853, respectively.

HYPE price prediction signals the possibility of a correction up to 25.25% on a MoM basis in the next 30 days. This translates to an exchange value of approximately $20.86. The 3-month timeline for HYPE expects a 23.50% drop from the current value to $21.35 amid the high volatility of 6.88%.

Suffice it to say, shorts on HYPE underline the possibility of correction, while the same on BTC draw the possibility of gains.

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TagsBTCHYPEHyperliquidUSDCWhale

Related Questions

QWhat specific actions did the whale take regarding BTC and USDC on Hyperliquid?

AThe whale flipped a long position in BTC to a 3x short position valued at approximately $12.95 million and simultaneously deposited USDC worth around $1.9 million into Hyperliquid.

QWhat was the value of the assets that BlackRock withdrew from Coinbase according to the article?

ABlackRock withdrew 3,948 Bitcoin tokens worth approximately $367.93 million and 1,737 Ethereum tokens worth about $5.65 million at the time of the transaction.

QWhat are the short-term and weekly price performances for HYPE and BTC mentioned in the report?

AHYPE was up 1.05% in the last 24 hours and 6.32% over the past week. BTC was down 1.27% in the last 24 hours but up 4.84% on a weekly timeline.

QWhat does the short-term price prediction for BTC indicate, and what are its key support and resistance levels?

AThe short-term prediction indicates a possibility of gains up to 10.59%, with an estimated price of around $102,615 in the next 3 months. It is testing critical support at $89,750 and resistance at $94,853.

QWhat is the price prediction for HYPE over the next 30 days and 3 months?

AThe prediction signals a possible correction of up to 25.25% in the next 30 days, bringing the price to approximately $20.86. Over 3 months, it expects a 23.50% drop to $21.35.

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