Dormant crypto whale reawakens, selling huge amounts of Ethereum worth $4 million and opening a long position on Bitcoin.

A wallet sold 1863 ETH for 4.06M USDC at $2181 after being dormant for 2 years. Then the whale deposited 4.06M USDC to #Hyperliquid to long BTC at $89930 with 20 leverage.

A dormant crypto whale has reawakened today and attracted attention with huge Ethereum sales and a long position on Bitcoin.

After two years of inactivity, a wallet sold 1,863 $ETH for 4.06M $USDC at $2,181. Then the whale deposited 4.06M $USDC to #Hyperliquid to long $BTC at $89,930 with 20 leverage, aiming for an unrealized profit of $589K and a liquidation price of $75,186.

The whale, who has been dormant for two years, reawakened today and sold 1,863 Ethereum for $4.06 million USDC at a price of $2,181. Afterward, the whale deposited $4.06 million USDC to Hyperliquid to long Bitcoin at $89,930 with 20 leverage.

He currently holds an unrealized profit of $589,000, with a liquidation price of $75,186.

This investor's strategy is clear - bet big on Bitcoin's upswing while using leverage to intensify gains. At current market prices, this whale is already sitting on unrealized returns.

But with liquidation level at $75,186, a significant downturn could erase everything in minutes.

Leverage trading is a double-edged weapon - it amplifies both returns and losses. At 20x leverage, a price fall below $75,186 could lead to total liquidation of the trader's position.

If Bitcoin continues its upward movement, this whale could earn thousands of dollars in just a short time.

On the other hand, a price drop could send this high profit gamble into complete losses, wiping out the entire $4.06 million deposit.

The digital asset is extremely volatile. Leverage traders normally depend on support and resistance levels to guide their movements.

Bitcoin at $89,930 is a significant zone, which could be a key factor for the trader's next move.

If the BTC price holds above this zone, the trader could be in for big gains with potential profits in the millions. But if the market falls below the crucial support level of $82,250, the trader is at a high risk of facing liquidation.

This case is an illustration of a high-risk, high-reward trading strategy. While the trader is currently sitting on massive profits, any potential market falls could cause liquidation of his deposits.

Only time will tell to see if the BTC market could continue its increase and turn the investor's trade into profit or fall and erase everything.

The whale's bet coincides with Trump's policy changes, which he believes could support the market movements.

Although President Trump recently introduced heavy taxes on Chinese, Mexican, and Canadian imports, he followed it with launchings favourable crypto.

Earlier this week, Trump signed an executive order to establish a US crypto stockpile. He also announced a White House crypto summit, which is scheduled on March 7.

The whale appears to be capitalizing on these favorable regulator's events, hoping to bolster movement of crypto prices.