According to @EmberCN, a whale/institution that previously realized $96.67M from ETH swing trades deposited $20M USDC and scaled its BTC long to 2,830 BTC (about $259M) at an average entry of $92,318 with liquidation at $81,157, currently showing an unrealized loss of $1.75M; source: @EmberCN on X (Jan 7, 2026), legacy.hyperdash.com/zh-CN/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3. According to @EmberCN, since yesterday the entity transferred a cumulative $15.5M USDC to Hyperliquid to open 980 BTC longs with 20x leverage at $92,885 (about -$0.15M unrealized PnL) and also holds 30,000 ETH spot valued near $97.7M; source: @EmberCN on X (Jan 7, 2026), legacy.hyperdash.com/zh-CN/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3.

According to @OnchainLens, a whale opened an 18x BTC long with position value $56.7M, entry $84,306, liquidation $78,642, and unrealized profit $4.39M (source: @OnchainLens; data: @CMMHyperTracker via CoinMarketMan Hypertracker). Based on those reported figures, the implied margin is about $3.15M and the unrealized ROE is roughly 139%, with profit equal to about 7.7% of notional (source: calculations from @OnchainLens report; data: @CMMHyperTracker). The liquidation buffer from entry to $78,642 is approximately $5,664, or around 6.7%, marking a key risk threshold for this leveraged position (source: @OnchainLens; data: @CMMHyperTracker). Traders can verify the wallet and trade details through the CoinMarketMan Hypertracker wallet referenced in the report (source: CoinMarketMan Hypertracker via @CMMHyperTracker cited by @OnchainLens).