“1011 Insider Whale” Agent Opens $59.11 Million BTC Long Position, Liquidation Price at $62,656

Odaily Planet Daily News: According to Lookonchain monitoring, Garrett Jin ( #BitcoinOG1011short ), the agent of the “1011 insider whale,” has deposited 39.5 million USDC into Binance. Subsequently, he withdrew 40 million USDC from Binance via a new wallet (0x92ea) and deposited 10 million USDC into Hyperliquid.

Following this, he opened a 5x leverage long position on 504.4 BTC on Hyperliquid, with a position value of approximately $59.11 million and a liquidation price of $62,656.49. Additionally, he purchased 42,524 HYPE tokens, valued at approximately $2.33 million.