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Last night, that whale who spent $1.2 billion to buy ETH, after increasing his holdings to 140,000 pieces, the price remained steady and did not continue to decline.
This person clearly hasn't been satisfied yet. Three hours ago, he added 110 million USDC to Hyperliquid, and this time he didn't just increase his ETH holdings, but also started buying BTC and SOL.
What is the current situation? Using a total capital of $230 million, he increased his position to $555 million on the platform. The leverage ratio was 2.3 times, which is a cautious approach. In terms of holdings, it is evident that this move was a gamble on a collective rebound of major cryptocurrencies.