Whale Flipped BTC Long and Deposited USDC into Hyperliquid, What’s Cooking?

• A whale wallet deposited $1.9 million USDC into Hyperliquid.
• He flipped the BTC long position to a 3x short position.
• HYPE saw gains while BTC slipped over the past 24 hours.

A whale wallet just flipped a long position in BTC and simultaneously deposited USDC into Hyperliquid. The move has drawn the attention of crypto enthusiasts, triggering anticipation about their movements on price charts in the times to come. While BTC could see short-term gains, HYPE is being projected to yield possible returns in the long-term.

Flipping BTC and Depositing USDC

A whale wallet acted after 2 months to deposit USDC worth approximately $1.9 million into Hyperliquid. On the sidelines, the whale flipped his long position in BTC to a 3x short position with the present value of around $12.95 million. Notably, another whale wallet bought HYPE for $270k after depositing $12.5 million USDC into Hyperliquid yesterday.

The move comes hours after BlackRock withdrew 3,948 Bitcoin tokens and 1,737 Ethereum tokens. Their worth was approximately $367.93 million and $5.65 million, respectively, at the time of the transaction. BlackRock has reportedly withdrawn 7,146 BTC and 6,851 ETH from Coinbase over the past 2 days.

Gains and Losses for HYPE and BTC

Accumulation of HYPE and flipping BTC position could be linked to their recent gains. HYPE, for starters, noted an upswing of 1.05% over the last 24 hours. It is now trading at $27.36, which is also after a jump of 6.32% in a week.

BTC, on the other hand, slipped by 1.27% over the last 24 hours to trade at $92,648.91 when the article is being drafted. The flagship cryptocurrency is up by 4.84% on a weekly timeline.

HYPE and BTC in 2026

A short-term trajectory of BTC indicates the possibility of noting gains as high as 10.59%. BTC price prediction estimates the token to trade at around $102,615 in the next 3 months amid the medium volatility of 2.12%. All this while it tests critical support and resistance levels of $89,75 and $94,853, respectively.

HYPE price prediction signals the possibility of a correction up to 25.25% on a MoM basis in the next 30 days. This translates to an exchange value of approximately $20.86. The 3-month timeline for HYPE expects a 23.50% drop from the current value to $21.35 amid the high volatility of 6.88%.

Suffice it to say, shorts on HYPE underline the possibility of correction, while the same on BTC draw the possibility of gains.

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