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Some whale just made a massive move on Hyperliquid, dropping $140 million into a long position on BTC. Already sitting at $517,000 in unrealized gains right now.
The timing here is interesting. If Bitcoin actually runs as some expect, this could transform into one of those trades people still talk about years later. We're talking about the kind of position that either prints enormous returns or becomes a cautionary tale—there's no in-between.
What makes it notable isn't just the size, but the conviction behind it. A $140M bet doesn't happen without conviction. Whether this plays out depends entirely on whether Bitcoin can maintain momentum or if we see some profit-taking shake things out. Either way, it's the kind of whale activity that tends to dominate the conversation in trading circles.