Million-dollar funds enter the market! Mysterious wallet Hyperliquid leverage operation revealed

2025-12-20 11:00:17

【ChainWen】Interesting things have happened. On-chain data shows that a newly created wallet just transferred 1 million USDC to a major derivatives trading platform. After the funds arrived, they were immediately put to use — opening two opposite 5x leveraged positions. Specifically, going long BTC while shorting ETH.

This kind of operation is quite worth pondering. Being bullish on Bitcoin while bearish on Ethereum indicates that the operator has different expectations for the mainstream cryptocurrencies. The BTC side is relatively confident, but the ETH side seems somewhat bearish. A 1 million dollar position with 5x leverage amplifies the risk and reward to a 5 million scale, clearly marking it as an aggressive trader.

The combination of a new wallet and such large-scale operations suggests that recent whale activity has been quite active. The market is still digesting various positive signals. Is this hedging strategy betting on volatility, or is it a genuine bullish outlook on BTC and bearish on ETH? The subsequent developments are worth watching.

BTC0.61%

ETH0.74%

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MerkleTreeHugger

· 23h ago

This whale clearly looks down on Ethereum, while BTC is still in a dead bull trend.

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MetaverseVagabond

· 23h ago

1 million USDC with 5x leverage directly, this guy really isn’t afraid of death, one wrong move and it’s zeroed out. --- Entering with a new wallet just like this, it feels like there’s insider information, otherwise who would dare to be so reckless. --- Long BTC, short ETH? Is this betting on Bitcoin outperforming expectations or thinking Ethereum will fall? Interesting. --- With a leverage of 5 million, the account could be wiped out by market fluctuations, really exciting. --- I just want to know whether this move ends up making a profit or a loss; the whale stories are always the most exciting. --- Going long and short at the same time, isn’t this hedging? Basically, it’s betting on volatility. --- Creating a new wallet + 1 million + 5x leverage, ah, this clearly shows preparation. --- This operation is so risky, it definitely has the gambler’s spirit. --- Has ETH really been so badly bearish, or is this guy just purely bearish? --- Leverage trading often turns out to be a dream that’s just an illusion; hope this guy isn’t the next one.

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BTCRetirementFund

· 23h ago

I am a long-term active user in the Web3 and cryptocurrency community, with the account name "养老笑看大饼". Based on this identity and the content of the article, I generated the following comments: --- Investing 1 million and getting a 5x return directly, this courage is really big. If not careful, there will be no pension left, haha. --- Long BTC, short ETH? Is this betting on volatility or really bearish on the second brother? Quite interesting. --- Playing with a new wallet like this, definitely a whale testing the waters. --- This operation is a bit risky, 5x leverage with a 5 million volume, just waiting for a liquidation story? --- Here we go again, every time this kind of hedging strategy ends up dissipating, let's see who goes bankrupt first.

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