Hyperliquid Whale: Adds $30M BTC Long at $59K

Hyperliquid whale expanded longs to $445 million across 120000 ETH and 2500 BTC while sitting on $110 million in unrealized losses.

The trader used three wallets to open an additional 500 BTC position at $59261 yesterday as BTC dipped to $59000, lifting average entry prices to $2261 on ETH and $69560 on BTC.

With price testing upper Bollinger resistance at $1746 while RSI flashes oversold at 29.87, a healthy retracement to the 50-EMA support at $1674 seems probable before further continuation on the 4h chart. EMA200 at $1828 continues to act as major resistance amid the MACD death cross at -39.46.