Hyperliquid News Today: Crypto Volatility with Leverage: Major Players Gain, Bears Suffer Losses

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Hyperliquid News Today: Crypto Volatility with Leverage: Major Players Gain, Bears Suffer Losses

Bitget-RWA2025/11/17 03:46

By:Bitget-RWA

- A "smart money" address (0xbbc0) earned $2.5M profit via 5x leveraged STRK tokens, buying 29.5M at $6.7M. - Same address opened 10x leveraged HYPE position with $2.98M, showing speculative crypto confidence. - Another whale reduced 5x HYPE position to $48.41M but faces $2.02M unrealized loss as of Nov 14. - STRK/HYPE trades highlight leveraged crypto volatility, with HyperLiquid seeing $5M deposits for similar positions.

An address labeled as "smart money" has accumulated more than $2.5 million in unrealized gains from a leveraged long bet on StarkWare (STRK),

as reported by blockchain analytics provider LookOnChain

. The wallet, known as 0xbbc0, opened this position three days ago, using 5x leverage to buy 29.5 million

STRK

tokens—worth about $6.7 million at entry. Since then, the value of the position has climbed, mirroring the heightened volatility across the crypto sector as macroeconomic signals remain mixed.

Hyperliquid News Today: Crypto Volatility with Leverage: Major Players Gain, Bears Suffer Losses image 0

This same address also recently took a 10x leveraged long position in HYPE, a newer meme token, just four hours ago. It

invested $2.98 million to purchase 77,598 HYPE tokens

, further reflecting a bullish stance on riskier crypto assets. At the same time, another large holder, dubbed the "HYPE Listing Insider Whale," has

trimmed its 5x leveraged HYPE exposure

to $48.41 million, but is currently sitting on an unrealized loss of $2.02 million as of November 14.

Profits from the STRK trade coincide with a broader upswing in digital assets, which have bounced back after a recent downturn as investors react to the conclusion of the U.S. government shutdown and speculate on upcoming Federal Reserve decisions. For example, the Dow Jones Industrial Average dropped below 48,000 on November 13 due to weakness in tech stocks, yet cryptocurrencies have remained robust,

with leveraged trading activity increasing on exchanges such as HyperLiquid

. A newly established wallet

transferred $5 million into HyperLiquid

, including $2.8 million in

USDC

, to open similar leveraged trades in STRK and HYPE, later reporting a floating profit of $2.4 million.

The trading activity in STRK and HYPE underscores the influence of on-chain "smart money" participants in shaping crypto market trends. These wallets, often tracked by blockchain analytics, are regarded as indicators of sophisticated trading behavior. The gains by address 0xbbc0 stand in contrast to broader market caution, such as Nexstar Media's downgrade to "Hold" while awaiting regulatory clearance for its $6.2 billion Tegna deal, and Fossil Group's ongoing royalty challenges despite operational progress.

Although the STRK trade has yielded significant returns, it also highlights the inherent dangers of leveraged trading. The HYPE token market, in particular, remains highly speculative,

as shown by a whale's recent $2.02 million loss, which demonstrates the asset's price swings

. Experts warn that leverage can magnify both gains and losses, especially in fast-moving markets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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