A new address received a transfer of $11.9 million in funds, boldly going long on $39.3 million worth of BTC.

BlockBeats News, September 9 - According to TradingBeats monitoring, a newly created Hyperliquid address less than a day old made its first move today, buying 500 BTC in under 4 minutes, with a total transaction volume of approximately $39.36 million.

The address starting with 0xcfe2 first received approximately $1.9998 million USDC at 12:08 yesterday, and received another transfer of approximately $9.9 million USDC at 02:03 this morning. Both funds came from the same address starting with 0x6b9e, with cumulative deposits of approximately $11.8998 million USDC.

At 9:00 AM today, the address completed 10 consecutive purchases, each of 50 BTC, taking only about 3 minutes and 39 seconds to expand its BTC position to 500 coins, currently valued at approximately $39.369 million, with an average price of approximately $78,639.3 per coin and floating profit of approximately $49,300. It is currently using 20x cross leverage, with a liquidation price of approximately $55,570.7.