Bitcoin OG Adds $20 Million Margin on Hyperliquid to Boost BTC and ETH Long Positions
An early Bitcoin miner, known for significant on-chain holdings and previous market influence, has reportedly increased their exposure to both Bitcoin (BTC) and Ethereum (ETH) through leveraged positions on the decentralized trading platform Hyperliquid.
$20 Million Margin Injection
The on-chain data reveals that the veteran trader transferred an additional $20 million in margin to Hyperliquid. This move significantly raises the scale of their active long positions, reinforcing bullish sentiment amid recent market volatility.
Massive BTC and ETH Long Positions
Current open trades include a $72.3 million long position on Bitcoin using 5x leverage, with an entry price of $104,520 and a liquidation threshold near $50,726. Simultaneously, the same entity holds a $54 million long on Ethereum, also with 5x leverage, entered at $3,427 and facing liquidation at $1,061.
Market Implications
The size and leverage of these trades suggest high confidence in mid-to-long-term price recovery for both assets. Market analysts note that moves by early Bitcoin participants often precede significant market shifts, as such traders tend to act strategically based on deep market insights.
If Bitcoin and Ethereum continue to show resilience, these leveraged positions could generate substantial returns and signal renewed optimism from long-term crypto veterans.
