BTC Dominance Up 4.4% This Month, Whale with 13.5M Position Betting on BTC Outperforming Altcoins

BlockBeats News, May 8th, according to Hyperinsight monitoring, a whale on Hyperliquid opened a 22x leveraged long position on BTC yesterday, with a position size of $6.37 million. The whale also simultaneously held short positions in multiple altcoins totaling approximately $7.14 million. The total position on both sides amounts to around $13.5 million, with the current position showing a possible intention to long BTC.D (BTC dominance), betting on BTC continuing to outperform altcoins.

It is reported that BTC dominance has been steadily rising for over a month, with an increase of nearly 4.4%, about 2.5 percentage points. After breaking through 61% for the third time the day before yesterday, it reached a new high since November last year, and is now slightly retracing to 60.85%.

Address: 0x6f97d329b072e0f7b74575565d806a4351b8f824