Gate News bot message, A Bitcoin OG trader has made significant moves in the cryptocurrency market. After converting BTC to ETH and USDC, the trader deposited $80 million USDC into HyperLiquid exchange. Subsequently, the trader established a Bitcoin short position using 6x leverage, with the position currently valued at $418 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Bear Market Is Still Here, and BTC Could Plunge Under $50K: Analysts Warn
After a solid multi-day run, the primary cryptocurrency lost momentum again, dipping below $70,000.
Numerous analysts caution that the bears still control the market, expecting much more substantial price declines in the near future.
Where’s the Bottom?
-------------------
The recent FOMC
CryptoPotato7m ago
Bitcoin Erases March Gains as Q1 Losses Top 25% Amid Geopolitical Friction
Bitcoin's price has declined below $66,000 amid geopolitical tensions and poor U.S. market performance, leading to significant losses in the crypto market. Investor sentiment is dampened as recession fears grow.
Coinpedia9m ago
Bitcoin DeFi on Cardano Reaches Milestone With First BTC-ADA Atomic Swap
The crypto sector may be struggling with the ongoing bear market, but some projects are relentlessly building and expanding their ecosystems. One such is Cardano, which just hit a milestone in its Bitcoin decentralized finance (DeFi) integration, by completing the first atomic swap between BTC and t
CryptoPotato11m ago