Whale 84 BTC, 20x long: What is this $10 million USDC account brewing?

Question

【BitPush】An interesting phenomenon: yesterday midday, a seasoned large holder used 20x leverage to go long on 84.37 BTC, with an average entry price around $89,566.8. Currently, the account is in a slight unrealized loss.

What’s even more noteworthy is the activity level of this address’s funds. Recently, frequent deposits and withdrawals have been observed throughout the entire account history— the largest single deposit reaching 10 million USDC. This scale and frequency of operations clearly indicate a high-net-worth player. Such accounts usually represent the decision-making echelon among market participants.

SchrodingerProfit · Accepted Answer

Are unrealized losses still building? This guy is really bold, playing with 20x leverage so aggressively—either making a killing or getting wiped out.

With the current levels so tight, pouring in 10 million USDC—what's the point... Looking forward to what happens next.

I really don't understand the 20x leverage strategy, it's scary.

This account is frequently entering and exiting, seems like they're testing the bottom? The moves of big players are just different.

PanicSeller · Answer

Still adding positions despite unrealized losses? This guy must be a genius or crazy. Playing with 20x leverage this big is really unsustainable.

Big investors are so capricious, moving funds in and out as if they're playing a game. 10 million USDC can disappear in the blink of an eye.

This rhythm feels like it's brewing some big move. We retail investors can only watch quietly.

Using 20x leverage to hold 84 BTC? Bro, you're gambling with your life.

Frequent operations are just testing the waters. What opportunity is this guy looking for?

Daring to play like this despite unrealized losses? Only big investors have the mental resilience to handle that.

SybilAttackVictim · Answer

Haha, this guy really dares to play. 20x leverage and still holding on to 84 Bitcoins, and he's still losing money. Truly fearless.

Wait, pouring in 10 million USDC at once? He's not a gambler, he's well-prepared.

Big players are big players. They frequently trade back and forth; ordinary people can't learn this set.

Being so calm despite floating losses shows they don't care about these fluctuations at all. This is truly a move by the decision-makers.

This must mean they are very optimistic about the future market, otherwise who would dare to do this?

Just by looking at the trading frequency, you can tell this guy is definitely brewing some big move. Just waiting to see the show.

MEVSandwich · Answer

Still holding on despite floating losses? This guy is playing with 20x leverage, really aggressive—throwing in 10 million USDC just to stir up the market.

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This big player’s moves are quite interesting; frequently entering and exiting, probably testing the bottom, otherwise there’s no need to go through so much trouble.

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Did  buy in at 89566? At this price, he’s probably waiting for a rebound, but with 20x leverage, a single dip could trigger liquidation.

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Looking at this account’s history, it seems to be controlling market sentiment—daily transfers in and out, definitely planning some big moves.

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10 million USDC... if this amount dumps the market, retail investors like us will suffer. What are they gambling on?

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The phrase “small floating loss” is interesting; it implies this guy still has the confidence to add to his position.

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Using 20x leverage to go long and still risking floating losses—such mental resilience is not common; he’s definitely experienced big winds and waves.

Whale 84 BTC, 20x long: What is this $10 million USDC account brewing?

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