As the tariff tension between the US and China continues, Bitcoin, Ethereum and altcoins are experiencing sharp get dumped.
Bitcoin has dropped below $75,000 for the first time since November 2024, while Ethereum has fallen below $1,500 for the first time in 2 years.
BTC and ETH continue to show signs of weakness while the market’s Hyperliquid 50x whale, known as the giant whale, has moved again.
As a reminder, this whale had previously opened a position on Hyperliquid with 50x leverage during the earlier dips and had made 15 million dollars.
The Hyperliquid whale opened a long position on ETH with 20x leverage after being inactive for about two weeks.
The position size was approximately 32,875.676 ETH (, 14.62 million dollars ) and the liquidation price was 1,398.9 dollars.
"The Hyperliquid 50x whale that hasn’t moved for half a month is active again.
Opened a 20x long position worth 47.62 million dollars in ETH, with a liquidation price of 1,399 dollars.
A whale recently transferred 3 million USDC as collateral to Hyperliquid and opened a long position of 32,800 ETH at a price of $1,461.6.
Let’s see if the big whale will come out with a loss or a profit from the high volatility in the market; time will tell.
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