A cryptocurrency trader has bet $194 million, believing that Bitcoin and Ethereum will continue to rise.
On the perpetual contract exchange Hyperliquid, crypto traders are continuously increasing leverage bets, betting that Bitcoin will break through $75,000 after a significant rally earlier this week.
On Tuesday, Bitcoin's price climbed to around $71,000, up from approximately $65,000 at the Sunday night open of the
$BTC futures. Previously, Bitcoin faced resistance near $74,000, and this rally has once again sparked market expectations of testing recent highs.
On-chain data shows that as pri