According to on-chain data provider Onchain Lens, a whale has significantly increased its long positions in Bitcoin (BTC) and Solana (SOL), while simultaneously maintaining a short position on Hyperliquid (HYPE). The combined notional value of these leveraged positions amounts to $78.36 million.
The whale currently holds a 20x long position on 1,072 BTC, valued at approximately $66 million. Additionally, a new 10x long position on 64,339 SOL has been opened, worth around $5.2 million. On the other side, the whale holds a 10x short position on 106,994 HYPE, valued at approximately $7.16 million. All three positions employ high leverage, indicating an aggressive trading approach.
Market observers note that the whale's substantial increase in BTC and SOL longs suggests a bullish outlook on these major assets, while the HYPE short may serve as a hedge or an independent bearish bet. Such large leveraged positions warrant close monitoring for potential market volatility and liquidation risks.