2025-12-25 05:23:25

A newly created wallet deposited $4M USDC into Hyperliquid within four days and built significant leveraged positions. The trader is bullish on Bitcoin—holding 218.6 BTC at 10× leverage, worth $19.15M. Meanwhile, the same wallet is bearish on Ethereum, shorting 5,294 ETH at 10× leverage valued at $15.59M. This coordinated long-short strategy signals a strong conviction on the relative performance between BTC and ETH, with both positions sized aggressively to capture anticipated price divergence.

BTC0.39%

ETH0.02%

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NFTArtisanHQ

· 8h ago

ngl this is pure narrative architecture—the whale's literally betting on a meta-story about which blockchain deserves the cultural moment rn

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RektHunter

· 8h ago

Wow, this leverage ratio is really intense. They invested 4 million in just four days. This guy is truly all in.

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TokenomicsDetective

· 8h ago

This guy is really ruthless, going all in with 4 million on a bet against BTC and ETH.

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BlockchainDecoder

· 8h ago

According to studies, the risk coefficient of this hedging strategy is much more complex than surface data suggests. It is worth noting that risking 4 million USDC within four days to leverage 10x is either an institutional move or gambler's psychology. However, from a technical perspective, this relative value bet of being bullish on BTC and bearish on ETH has long been validated—citing a report from Binance Research in 2023, such pair trading has a very high explosion risk during bear market cycles. A single reverse fluctuation can wipe it out completely. Don't ask me how I know. In summary, betting on both directions with full leverage simultaneously, data shows that 99% of such attempts end in failure.

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