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Whale or Institution Holds $352 Million in Bitcoin and Ether Longs

The positions include 1,140 BTC and 98,100 ETH, with unrealized gains of $2.66 million.

By Enna Lee
Published
Mentioned assets
Two metallic medallions rest beside a dark exchange position tray / TokenPost.ai
Two metallic medallions rest beside a dark exchange position tray / TokenPost.ai

A whale or institution holds $352 million in Bitcoin (BTC) and Ether (ETH) long positions on Hyperliquid, with the combined trades showing $2.66 million in unrealized profit as of Oct. 7.

The positions comprise 1,140 BTC and 98,100 ETH. The BTC trades have an average entry price of $82,205, while the ETH trades have an average entry price of $2,604.

The positions were opened about two weeks ago after margin was deposited into three addresses. The combined value and unrealized profit stood at those levels at 5:13 a.m. ET (09:13 UTC) on Oct. 7.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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