ETH swing trading whale uses 15.5 million USDC to go 20x long on 980 BTC

Foresight News reported, according to Ember monitoring, a whale/institution that previously made a profit of $96.67 million through multiple ETH swing trades has started to try contract trading. Since yesterday, this address has transferred $15.5 million USDC into Hyperliquid and went long on 980 BTC with 20x leverage, worth approximately $90.87 million. The average opening price was $92,885, and it is currently at an unrealized loss of about $150,000.