Massive Bitcoin Investment: BTC Whale Increases Stake with $393 Million Long Position

Recent on-chain information indicates that a significant market player has initiated several astonishing long positions in bitcoin, averaging just above $103,000.

Real-time data from Hyperliquid, the exchange where these positions were established, shows that the liquidation price is set at $95,576.

On social media, it was noted that a whale has opened a substantial $276 million long position at 40 times leverage on bitcoin, with a liquidation threshold of $95,000.

Content creators and crypto influencers highlighted this enormous position on Saturday evening, initially valued at $276 million with an entry price of $103,129.

However, data from CoinGlass indicates that the unidentified whale took advantage of a temporary dip in bitcoin’s price below $103,000 to enhance their position, which has now escalated in value to over $393 million (3,790 BTC).

The average entry price has been adjusted to $103,083, while the liquidation point remains just below $95,600. With bitcoin currently priced close to $104,000, the whale is sitting on an unrealized profit of $3.3 million.

In recent months, there have been several instances where intriguing whales opened significant positions on Hyperliquid, grabbing the community’s attention. One noteworthy case was earlier this year in March when an individual executed a large multi-million-dollar short position.

Later, it was suggested that this individual was William Parker, a UK figure reportedly connected to a $1 million casino theft and other controversies.

Reports indicate that Parker managed to earn approximately $20 million by employing very high leverage to create positions worth hundreds of millions, which enabled him to influence the market.