A merchant made significant benefits on the hyperliquid by betting on the price of cryptocurrencies after the decline in early April. Smart Money On Chain Tracker Lookonchain highlighted the whale, identified as 0x15b325660.
According to LookonchainThe merchant opened long positions on Ethereum, Solana, Bitcoin, Litecoin, XRP, Link, Avax, Hype and ENS, using between 25x and 3x lever at a time when the tokens were considerably down due to the reprisals announced by President Donald Trump.
The bet has now won more than $ 9 million in unpaid profits from the trades. The merchant engaging millions of people in the position on nine tokens, the massive profits correspond to the size of the initial investments.
Most profits come from 50,000 soil when the token fell to $ 107. The token worth more than $ 150, the merchant has almost $ 2 million in unrealized gains.
A similar position with 5,000 eTH long while Ether was negotiated at $ 1,515.80 reported $ 1.5 million, while the long bitcoin trade with 70.82 BTC led to $ 1.27 million in profits. All the other long positions have also generated profits, varying from more than $ 870,000 for overhaul of $ 180,000 for Avx.
Interestingly, the whale has not only made profits on PERPS positions; They also bought 309 BTC for 24.68 million dollars when it was negotiated at $ 79,792 and now has $ 5 million in unpaid profits.
Trump's return to prices sparked a massive increase in cryptography prices
Meanwhile, massive profits highlight the strong condemnation of whales during the uncertainty of the market in April. The announcement by President Trump of prices on April 2 and the counter-triggers he triggered caused a massive drop in the value of most cryptographic assets, the bitcoin crashing at $ 76,000 and the ether lowering as low as $ 1,400.
Although this has triggered sales by certain investors and revived debates on the capacity of Bitcoin to serve as coverage against inflation and the uncertainty of the market, the whale was confident in the prices rebound and the bet on it.
Trump's decision to suspend the reprisal rates played a big role in the rebound. With the stock market site, many of the biggest indices by seeing their largest decrees in decades and the threat of recession in the air, the break was almost inevitable.
Since the suspension of prices for all countries except China, the cryptography market has experienced a positive performance. Bitcoin has increased by 13% in the last 30 days, XRP earned 4.24%, while Sol has experienced the most gains, with an increase of 21.82% of its value.
Despite these gains, most cryptographic assets are still negotiated below their price at the start of the year. From all ten cryptocurrencies by market capitalization, only Bitcoin has a positive performance for the start of the year, with a gain of 1.18%. All other active ingredients are down, ETH and Doge having the greatest drop, greater than 40%.
Bitcoin is struggling to exceed $ 96,000
Meanwhile, Bitcoin has been stuck in the range from $ 94,000 to $ 96,000 for more than two weeks since his rebound. The flagship asset is struggling to unravel the barrier of $ 96,000, with any wave above this level generally followed by a drop in the range of $ 95,000.
According to Intothebloc Data, the BTC support level is $ 96,160 and its resistance level is $ 98,290. Thus, any major movement would require it to break this beach.
However, technical analyst Ali Martinez Identified $ 93,460 as the key level of the BTC depending on the basis of the cost of the short -term holder and estimates that it could dive if it falls below this level.
He said:
“$ 93,460 is a central level for #Bitcoin $ BTC. The above holding could feed a move to $ 132,330, but losing it could trigger a correction at $ 72,420. ”
Until now, there is no sign of major potential drop, even if the asset has lost 0.78% of its value today after falling from more than $ 96,000 to $ 95,366. Martinez noted that BTC is already exchanging a territory on ignition and has seen almost A million active addresses On May 3, its higher in six months.
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