As the bull market trend in the cryptocurrency market intensifies, transactions made by major players (whales) are also beginning to attract attention. Blockchain data shows that positions worth hundreds of millions of dollars in Bitcoin ($BTC), Ethereum ($ETH), and Hyperliquid ($HYPE) have been opened and closed.
A major investor, allegedly linked to Matrixport, closed a long position of 40,000 $ETH worth approximately $100.5 million, realizing a profit of $9.9 million. According to available information, the investor still holds long positions of 80,000 $ETH worth around $201 million and 500 $BTC worth $39 million. The unrealized profit on these open positions is approximately $22.9 million. It is noted that the large investor previously incurred a total loss of $92.5 million, and thanks to these recent trades, his positions have turned into a profit of approximately $32.8 million.
The Hyperliquid platform reports that a major investor known as loracle.hl lost over $70 million on $HYPE trades over the past three months. Currently, this investor has around 685,744 short positions on $HYPE worth approximately $54.88 million. It is claimed these positions could be liquidated if the price of $HYPE rises to $101.15.
Machi Big Brother, who often makes headlines in the market news for his high-leverage trades, is also among those who benefited from the recent surge. The investor, who reportedly experienced around 500 liquidations previously, increased his capital from $152,000 to $12.72 million in just three days. Thus, it was calculated that Machi made a profit of over $12.5 million in a short period.
Despite $HYPE reaching a new all-time high, token transfers by Multicoin Capital are also drawing attention. It is reported that over the past three days, the company deposited a total of 427,422 $HYPE into Coinbase Prime. The total value of these transfers amounted to approximately $31.74 million. The transfer of such a large amount of tokens to an institutional trading platform is under close market scrutiny due to the potential for selling or portfolio management.
In a Bitcoin transaction, sales by a large anonymous investor stand out. In his latest transaction, this 'whale' sold approximately 2,700 $BTC worth about $211.8 million. Thus, the total sales of bitcoins by this investor over three days amounted to 7,700 $BTC. The total value of these transfers is estimated at approximately $576.6 million.
*This is not investment advice.
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