Whale Trading
A major cryptocurrency trader has expanded its bearish positions to nearly $243 million in leveraged shorts across bitcoin, ethereum and solana, betting on further market declines. This move follows the sale of 255 bitcoins and comes as these assets struggle with weak recovery efforts. The strategy highlights growing conviction in downside pressure amid choppy price action.
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A prominent cryptocurrency trader known as HyperUnit has placed $55 million in long positions on Bitcoin and Ethereum, betting on a recovery amid recent market declines. This move follows the whale's successful prediction of October's crash, where it earned $200 million. The positions signal confidence despite ongoing market fear.