- Whale 0x8d0E opens $18.9M BTC long with 20x leverage
- $10M USDC deposited to Hyperliquid
- Same whale previously lost $7.1M on the platform
High-Risk Play: Whale Returns to Hyperliquid with $18.9M BTC Long
Crypto whale 0x8d0E has made headlines again with another high-stakes move. The address just deposited $10 million in USDC to the Hyperliquid exchange and immediately opened a 20x leveraged long position on 200.93 BTC , valued at roughly $18.9 million.
This aggressive position has caught the attention of traders and analysts, especially given this wallet’s previous loss of $7.1 million on the same platform. Despite that significant setback, the whale appears unfazed and is now doubling down on a high-leverage bet.
A Risky Bet in a Volatile Market
Using 20x leverage on a volatile asset like Bitcoin is an extremely high-risk strategy. It means even a 5% move in the wrong direction could wipe out the position entirely. Given the current uncertain macro conditions and price swings in the crypto markets, this whale is clearly playing with fire.
The timing of the long also raises questions. Bitcoin recently surged past key resistance levels, and some analysts warn of a possible retracement. This whale, however, is betting on further upside momentum, possibly expecting a breakout toward or beyond the $100,000 mark.
Community Reacts: Smart Money or Reckless Gamble?
The move has sparked mixed reactions across social media and trading communities. Some see it as a bold bullish signal, while others view it as a reckless gamble, especially considering the trader’s previous losses.
Many observers are closely watching this wallet’s next steps, as such large positions can influence market liquidity and even spark temporary price movements.
Whether this ends in a big win or another costly lesson, one thing’s clear: high-leverage trading remains a high-risk, high-reward game in the world of crypto.
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