Whale Tops Up USDC on Hyperliquid, Opens 15× BTC & ETH Longs
A crypto whale boosted its USDC deposit on Hyperliquid, placing $1.95 million on October 27 and a further $3.72 million recently. It then opened 15× leveraged longs on $27.7 million of Bitcoin and $20.3 million of Ethereum, giving over $48 million in total exposure. The whale now holds 120 BTC (≈$13.8 million) at an average entry price of $115,373, with $5.51 million profit since July.
Lookonchain data shows multiple anonymous addresses executing similar high-leverage trades, reflecting growing institutional and high-frequency-trader interest. Traders are eyeing these large-scale USDC deposits and BTC/ETH longs as a potential bullish signal for leveraged trading on Hyperliquid amid volatile market conditions.
Bullish
The whale’s sizable USDC injections and 15× leveraged BTC and ETH longs on Hyperliquid point to strong bullish momentum. Large-scale leveraged trades often drive market sentiment upward, especially when mirrored by multiple institutional and high-frequency addresses. The whale’s track record—with $5.51 million profit since July—underpins confidence in a price rebound. While such high-leverage positions can increase short-term volatility, they typically signal traders’ collective bet on rising crypto prices, making the overall market impact bullish.