Whales pour 11 million USD into Hyperliquid, open long positions on ETH and BCH

2025-11-24 02:34:00

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A whale wallet has just deposited over $11 million worth of ETH to Hyperliquid and opened a series of highly leveraged long positions. Specifically, this address executed a 20x long with 2,034 ETH (with a notional value of $5.66 million) and a 10x long with 1,662 BCH ($908,000), while still holding 4,022 ETH on the spot market.

This move demonstrates strong bullish confidence in ETH and BCH, especially as the 20x leverage amplifies potential profits but also increases the risk of liquidation during periods of high volatility.

According to Lookonchain, this whale’s trading behavior has been repeated multiple times. Similar ETH long positions in the past often appeared ahead of 10%–20% price increases in previous cycles, according to on-chain data from Arkham. The addition of BCH this time may be related to recent network upgrades, driving demand and growth expectations.

ETH-0.32%

BCH1.02%

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