Bitcoin Whale Opens $84 Million Leveraged Long Position: A Make or Break Position For BTC Price
Key Takeaways
- A whale wallet has opened a 921 BTC long position with 3x cross leverage on the Hyperliquid DEX. The bet came hours after the trader secured over $10 million in realized profit.
- The whale entered their new position when Bitcoin was trading near $91,400. If prices edge higher, then the leverage could fuel a strong breakout, but a drop could increase liquidation risk and a major correction.
- On November 26, three whale wallets deployed nearly $100 million across four BTC and ETH positions, with some using up to 25x leverage on their bets. This suggests that market conditions are improving as whales are opening large long bets.
- CryptoQuant report indicates that the spot market sentiment for BTC has shifted from a sell-dominant to neutral levels. This signals that market-wide selling pressure has eased.
A major crypto whale has made an ambitious and bold move by opening a $84.19 million leveraged Bitcoin (BTC) long position on the Hyperliquid DEX. The trade, which uses 3x cross leverage, comes just hours after the wallet linked to the whale locked in over $10 million in realized profit.
Large positions like this often shift market sentiment, as a wallet with a strong profit record going all-in attracts the attention of both bulls and bears.
Bitcoin Whale Opens $84 Million Long Position With 3x Leverage: Traders on High Alert
On-chain data shows that they entered the position when BTC was trading near $91,400, with 921 BTC, worth $84.29 million at current rates. News about the trade spread like wildfire on social media, with many calling it a high-conviction bet on bitcoin’s next price action.
If BTC manages to hold above the whale’s entry zone, their leverage could amplify gains pretty quickly. However, the downside risk also grows simultaneously, as a sharp drop below that level could result in the liquidation level hitting hard and fast. With cross leverage in play, the risk window remains open around the clock.
Whale bets continue to influence short-term price action across the crypto market. When massive orders are initiated, liquidity, funding rates, and trader behavior can shift in mere minutes. Small traders often adjust their positions immediately after spotting whale moves. Large leverage trades also impact derivatives markets, as open interest (OI) can spike, and volatility can expand. Even spot traders respond to the psychological effect of seeing multi-million dollar bets being placed in real time.
Increase in Whale Long Bets Suggests Improving Market Conditions With Perfect Balance Between Buyers and Sellers
On November 26, three whales turned bullish after opening nearly $100 million worth of long positions on Hyperliquid. One address opened a low-leverage 3x long position on 311.9 BTC ($28.61 million), and a 2x long on 5,176 ETH ($15.87 million).
Meanwhile, the other two whales were more aggressive, with one opening a 20x long position on 346 BTC ($31.71 million), while the other opened a 25x long position on 7,000 ETH ($21.43 million).
According to a recent analysis by CryptoQuant, spot market sentiment for bitcoin has shifted from a sell-dominant phase to neutral conditions. This transition is reflected in the alpha crypto’s take cumulative volume delta, which measures the net difference between taker buy and taker sell volumes on exchanges. The metric indicates that selling pressure has eased following an extended period of selling activity.
Bitcoin’s “neutral” taker cumulative volume delta reading suggests more balanced conditions between buyers and sellers in the spot markets.
BTC continues to trade near critical levels as leverage builds across derivatives platforms, and the arrival of a new $84 million long bet adds fresh pressure to an already sensitive market structure.
If the price pushes higher, then this trade could help fuel a strong breakout, but if the momentum fades and the price drops, then the liquidation risk rises sharply. Either way, volatility in the bitcoin market is expected to stay elevated in the near term.
At the time of writing, Bitcoin (BTC) is trading at $91,604 – down 0.07% in 24 hours.
Crypto & Blockchain Expert