Whale Activity Rises as Market Sentiment Improves

Recent data from HyperInsight shows a surge in activity from large investors, or ‘whales,’ as market conditions show signs of recovery. Over the past eight hours, these whales have been actively trading positions, primarily increasing short positions on various altcoins. 0x123dbca, for example, opened 85,383 ENA short contracts, resulting in an unrealized loss of $3.55 million with a liquidation price set at $1.183. Address 0x5d2f44 took advantage by increasing its BTC short position by $965,000, leading to an unrealized loss of $9.64 million with a liquidation price of $125,461. Another whale, address 0x8af700, saw a similar trend with increased HYPE short position by 110,000 units, resulting in an unrealized loss of $1.03 million. The liquidation price for this position is $160.8. Conversely, 0x4a207d entered a new BTC long position of 115.73 units, currently facing an unrealized loss of $22,000 with a liquidation price of $56,694. Also worth noting is the address’s XRP short position that increased by 4.31 million units resulting in an unrealized gain of $17,000. The liquidation price for this position is $4.696.