The “50x ETH Whale” Lastly Closed its BTC Brief Place With Revenue

• The favored 50x ETH whale closed its BTC quick place with a $4.06M revenue right now. 
• The whale deposited 17.82 million USDC to Hyperliquid as a margin previously 3 days to keep away from liquidation. 

They are saying there’s by no means a boring day in crypto. And, the trade proves this sentence each time issues get boring in crypto. Bitcoin has been buying and selling within the $80K worth vary for the previous few weeks, letting down buyers who hoped for a bull run in 2025. Nevertheless, this didn’t cease a whale known as “50x ETH whale” from making income regardless of the weak market sentiment. 

As per on-chain information tracker Spot On Chain, the favored 50x ETH whale lastly closed its BTC quick place right now. Over the previous 3 days, it has held this buying and selling place on Hyperliquid and made a $4.06 million revenue. The truth that this whale deposited 17.82 million USDC to Hyperliquid as a margin within the final 3 days to quick Bitcoin with out liquidation is noteworthy. 

What’s the Story Behind 50x ETH Whale?

This whale reportedly opened a BTC quick place with 40x leverage, initially investing $195K revenue comprised of LINK. It began the commerce 3 days again on March 15. Quick ahead to three days, the 50x ETH whale was in its greatest quick ever with 6,211 BTC price $517 million. 

It didn’t take lengthy for the crypto dealer neighborhood to note this commerce. To keep away from its commerce execution, the dealer’s neighborhood united to seek out and drive it into liquidation on Hyperliquid. Nevertheless, the whale continued to deposit USDC tokens as a margin to keep away from liquidation. 

In the meantime, Hyperliquid highlighted the platform’s capabilities stating that it’s solely attainable on Hyperliquid. The neighborhood has been monitoring the whale’s transfer diligently. It lastly closed all of its perpetual positions right now. As a part of its subsequent buying and selling transfer, the 50x ETH whale purchased 3,202 ETH and 1,040 PAXG tokens spending 9.39M USDC. 

The favored crypto rip-off hunter ZachXBT’s feedback over this whale are sparking the eye of the crypto neighborhood. One of many commerce hunters named “Cbb0fe” posted on X relating to the whale closed its BTC quick place. In a response, the ZachXBT replied saying, 

“It’s humorous watching CT speculate on the “Hyperliquid Whale” when in actuality it’s only a cybercriminal playing with stolen funds.”

Nevertheless, nobody is aware of for certain if the 50X ETH whale is a cybercriminal or simply one other super-intelligent crypto dealer. Nonetheless, the whale has turn out to be common throughout the crypto marketplace for its daring trades. 

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