Cryptokit earned $ 5 million per day on BTC betting

An anonymous trader has once again attracted the attention of the crypto community by increasing his position in Bitcoin BTC $109,587.06 Bitcoin -0.04% Market capitalization $2.18 trillion VOL. 24 hours $1.78 billion . According to Lookonchain, the crypto investor recently deposited an additional 2.35 million USDC to extend his long position in Bitcoin. In one day, the whale earned an unrealized profit of $ 5 million.

The total stake of this trader has already exceeded a quarter of a billion dollars. He has $ 17.45 million on his account, and he uses 20x leverage. Given the current liquidation price of $ 105,090, which is only 4.5% lower than the entry price, this risk shows his confidence in the further growth of Bitcoin in the near future.

Lookonchain first reported that the whale had created a new wallet and deposited $ 10 million on the Hyperliquid platform to open a long position. As a result, the price of Bitcoin rose, exceeding $ 110,000, which confirmed aggressive growth forecasts.

According to CoinGlass, the cryptocurrency market has suffered liquidations worth $ 437.90 million over the past day. Most of them were short positions ($ 386.50 million). During this time, more than 105,000 traders were liquidated, and the volume of longs reached $ 54 billion per day, which is 130% more than the day before.

The market situation remains tense: although the number of shorts prevails on Binance (68 longs per 100 shorts), those who bet on Bitcoin’s growth are doing so with even more confidence and scale.