Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Whale Movement Tracking: Millions of USDC Pour into Derivatives Market, BTC Longs Face Unrealized Losses
【Blockchain Rhythm】On December 25th, on-chain data tracking shows that a recently activated wallet address (0x89BC) has attracted attention due to its activity on the Hyperliquid platform. This trader injected 4 million USDC in just 4 days, with a quite aggressive layout—simultaneously betting on BTC rising and ETH falling.
Currently, this operation has realized a profit of about $50,000, but the position is somewhat delicate. On the long side, with 10x leverage, the trader has heavily positioned in BTC at 218.6 coins (approximately $19.15 million), with an unrealized loss of $8.8K, indicating some pressure on the bullish side. On the short side, the story is reversed, holding 5294 ETH shorts (about $15.59 million) with an unrealized profit of $13.9K. The trading strategy seems to be betting on BTC breaking out strongly while ETH weakens, reflecting a market divergence.
Such large derivatives operations often indicate adjustments in market participants’ short-term outlooks and are worth monitoring for subsequent position changes.
The unrealized profit is only 50,000 yuan, but the leveraged position is floating a loss of 88,000 yuan. This deal is not worth it... Bro is gambling on the edge of disaster.