Whales Cash In: Massive Transactions During Crypto Market Surge
The cryptocurrency market's recent surge has led to increased attention on large whale transactions. According to on-chain data, hundreds of millions of dollars worth of positions have been opened and closed in Bitcoin (BTC), Ethereum (ETH), and Hyperliquid (HYPE).
A whale reportedly linked to Matrixport closed a long position of 40,000 ETH worth approximately $100.5 million, making a profit of $9.9 million. The investor still holds long positions of 80,000 ETH worth approximately $201 million and 500 BTC worth $39 million, with an unrealized profit of approximately $22.9 million.
In contrast, the whale loracle.hl has lost over $70 million from HYPE transactions in the last three months. The investor currently holds approximately 685,744 short positions on HYPE worth about $54.88 million, which are at risk of liquidation if the HYPE price rises to $101.15.
Machi Big Brother also benefited from the recent surge, increasing his capital from $152,000 to $12.72 million in just three days and making a profit of over $12.5 million.