According to COINOTAG News on June 11, blockchain analytics platform lookonchain has identified a significant transaction involving the whale address 0x1f25. This entity has injected an additional $7.5 million USDC into Hyperliquid, signaling a continued bullish stance on Bitcoin (BTC). The whale’s current holdings stand at 3,686 BTC, valued at approximately $405.9 million. The position’s liquidation threshold is set at $105,370, while the unrealized profit and loss (P&L) currently reflects a gain of $5.72 million. This sizeable capital movement underscores the ongoing institutional interest and confidence in BTC’s market trajectory, highlighting the importance of monitoring whale activity for market sentiment analysis.
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Source: https://en.coinotag.com/breakingnews/whale-0x1f25-increases-btc-long-position-with-7-5m-usdc-deposit-on-hyperliquid/