Whale Takes Big Bet on Hyperliquid
A significant whale has made a major move in the Hyperliquid market by depositing $4M USDC and opening a long position worth $10.97M at 4x leverage.
The whale entered the trade at $81.64 with liquidation set at $64.47, and currently the price sits at $81.49 within the Bollinger band.
Experts point out that this trade is likely to experience a healthy retracement toward the 50-EMA support before any continuation higher.