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A whale address may have been affected by panic last night and transferred 1550 BTC to Binance

6 hours ago

On July 5th, as monitored by LookOnChain, a whale address last night. Perhaps influenced by panic following the awakening of the "whale dormant for 14 years with 80,000 BTC", it cumulatively transferred 1550 BTC in multiple transactions to Binance, with a value of approximately $167 million.
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A whale address that opened a 40x leveraged short position on BTC has increased its short position, with a position value exceeding 70 million US dollars.

On July 5th, according to the monitoring of HyperInsight (accessible via t.me/HyperInsight), a whale address beginning with 0x5D2 on HyperLiquid added $16.45 million (equivalent to 138.9 BTC) to its 40x leveraged short position in BTC. Currently, it is experiencing a floating loss of $447,000. The specific position details are as follows: Entry Price: $107,464.40 Leverage: 40x Position Value: $70,437,384.89 Position Size: 651.28 P&L: -$447,793.90 Liquidation Price: $116,670.030

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