Bitcoin Whales Double Down on Long Positions: Massive $393 Million Bet

An anonymous large market participant has significantly increased their bitcoin holdings, opening a substantial long position worth over $393 million. On-chain data from Hyperliquid shows the whale’s initial investment of $276 million grew to $393 million after a recent price dip below $103,000 triggered further purchases. The liquidation price on this position is set at approximately $95,600. 🧐 This massive bet comes amidst growing interest in bitcoin, fueled by the expansion of DeFi and increasing institutional investment.