A tier-1 whale has increased its Bitcoin long exposure on the Hyperliquid exchange, according to social media reports. This move coincides with HyperLabs transferring significant amounts of its HYPE token to centralized exchanges. Overall whale positions on Hyperliquid have reached approximately $3.5 billion. These developments occur amid fluctuating market odds for Bitcoin reaching higher price targets in early August. Recent activity suggests increased confidence among large investors in Bitcoin’s upward price potential, with long positions currently surpassing shorts.
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