🐋 NEW WHALE DEPOSITS 5 MILLION USD - OPEN LONG HYPE, ETH, BTC WITH 5X LEVERAGE DESPITE THE RED HOT MARKET

While most retail investors are panicking because BTC has breached the 66k mark, an anonymous whale has gone against the tide with a massive amount of capital, betting heavily on the market's recovery.

🔷 According to data, this wallet has deposited a total of 5 million USD into the HYPE exchange.

Immediately, this whale has allocated funds to open Long positions with a Cross leverage of 5x.

- Notably, this whale is not going All-in on one order but is employing a TWAP strategy.

🔶 The portfolio shows that the total position value of this whale has reached $11,552,100. The portfolio is concentrated on 3 key coins:

🚀 $HYPE :

Position: Long 150,000 HYPE.

Value: $4,427,550.

Entry: $30.54.

Current: Currently at a loss of -$153,554 due to HYPE price dropping to $29.51. This is the largest loss in the portfolio.

💎 $ETH :

Position: Long 2,000 ETH.

Value: $3,838,800.

Entry price: $1,926.04.

Current: Slight loss of -$13,284.

🥇 $BTC :

Position: Long 50 BTC.

Value: $3,285,750.

Entry price: $66,529.4.

Current: Loss of -$40,720 as BTC drops to $65,715.

🔷 Despite having a huge position, this whale is facing short-term pressure right after entering the order:

- The account is currently at a total loss of -$213,266.30.

- The 1W Total PnL line has plunged straight down into the red right after opening the order, reflecting the harshness of the current market.

The whale's actions indicate a strong belief that the market will soon reverse.

Accepting a short-term loss of over $200k and still continuing to place additional TWAP buy orders shows that this is a long-term player, accumulating assets at the price range they consider to be the bottom.