TSLA perpetuals saw a sharp pickup in activity after Tesla’s next-generation Roadster was shown performing brief hovering and aerial flipping functions during a presentation, according to on-chain data cited by Odaily. The contract price moved from about $365.27 to $373.04, a gain of roughly 2.13%.
At least three whales opened long positions from zero exposure during the move. Their combined position value reached about $3.98 million, with a weighted average entry price near $367.33. The group is currently sitting on combined unrealized profit of about $60,900. One whale opened a 20x leveraged long around 10 minutes after the news, with a current position of about $1.8515 million and an unrealized return of about 38%. A second whale entered roughly 50 minutes later using 10x leverage and TWAP execution, building a position worth about $1.1191 million with an unrealized return near 12%. The third whale opened a 20x leveraged long more than an hour later, with a position of about $1.0094 million and unrealized profit of about 15%.
Within hours of the announcement, TSLA perpetual trading volume reached $81.12 million, about 24.3 times the prior period. Over the past 24 hours, volume climbed to $128 million, while notional open interest rose to $82.33 million, up about $35.63 million, or 76.3%.
According to on-chain data cited by Odaily, TSLA perpetuals rose after Tesla’s next-generation Roadster was shown performing brief hovering and aerial flipping functions during a presentation. The contract price moved from about $365.27 to $373.04, up roughly 2.13%.
Three whales opened long positions from zero exposure
Data showed that at least three whales built long positions from zero during the move. Their combined position value reached about $3.98 million, with a weighted average entry price of about $367.33. Their combined unrealized profit currently stands at about $60,900.
The first whale opened a 20x leveraged long around 10 minutes after the news, and the current position is worth about $1.8515 million, with an unrealized return of about 38%. Another whale entered roughly 50 minutes later, using 10x leverage and TWAP to build the position in batches. That position is now worth about $1.1191 million, with an unrealized return of about 12%. The third whale opened a 20x leveraged long more than an hour later, and the current position is worth about $1.0094 million, with an unrealized return of about 15%.
Volume and open interest both increased
Within hours of the announcement, TSLA perpetual trading volume reached $81.12 million, about 24.3 times the prior period. Over the past 24 hours, volume increased to $128 million.
During the same period, notional open interest rose to $82.33 million, an increase of about $35.63 million, or roughly 76.3%.
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