Bitcoin Whale Trader Ups The Ante To $1 Billion Position For $25 Million Unrealized Gain As BTC Sets All-Time High

The Hyperliquid whale trader has increased their position to over $1 billion as of Wednesday afternoon, racking up over eight figures in unrealized gains.

The wallet address holds 100% of its exposure in long positions, split across two assets: a 10,000 Bitcoin (CRYPTO: BTC) long position worth almost $1.1 billion at the time of writing and a $34.7 million Pepe (CRYPTO: PEPE) position.

The position carries a 14.22x leverage and is currently sitting at an 88.12% return on equity (ROE) for a $25 million unrealized …

Full story available on Benzinga.com