Hyperliquid Whale Places $2.68M in Bitcoin Long Orders 

A large trader on decentralized derivatives platform Hyperliquid has deposited $3.71 million in USDC and placed approximately $2.68 million in limit orders to build a long Bitcoin position, according to on-chain trading data.

Specifically, the wallet “0x0000” has submitted 30 long limit orders to purchase a combined 40.58 BTC. The orders are spread across a price range of $65,945 to $66,214, indicating the trader is seeking to accumulate Bitcoin on potential price weakness.

Beyond the pending Bitcoin orders, the wallet currently holds $8.67 million in long positions and has no active short positions, reflecting a fully bullish stance across its portfolio. 

The trader’s open positions include a 14x-leveraged long in xyz:CL, showing an unrealized profit of $752,400, and an 11x-leveraged long in xyz:BRENTOIL, with an unrealized gain of $361,700.

Across all open positions, the wallet is reporting a combined unrealized profit of approximately $1.11 million, based on the latest available trading data.

Source: Onchain Lens