Crypto Whale Builds Dual Positions in Bitcoin and HYPE Worth Tens of Millions

Blockchain data indicates that wallet “0x66f” has been steadily building large leveraged crypto positions across multiple assets. It first opened a 10x leveraged long on 700 Bitcoin, valued at approximately $57 million.

Building on that move, the wallet soon expanded its exposure by initiating a 5x long position on HYPE, with additional orders in place that could raise its holdings to as much as 300,000 HYPE, worth around $14 million.

Meanwhile, the Bitcoin position remains active and is holding more than $500,000 in unrealized profit.

Source: Onchain Lens