Do you see these huge positions that whales are opening on Hyperliquid? A single cryptocurrency trader is holding almost $194 million in BTC and ETH, and they’re not the only ones doing this. Basically, the market is full of people confident that Bitcoin will break above the $75 million mark.

Just yesterday, I saw an account opening leveraged positions with 20x: $42.5 million in Bitcoin (600 BTC) and $41.2 million in Ether (20,000 ETH). Before that, the same crypto trader had bought $21 million in ETH spot at $2,067 each. It’s like… the person is betting heavily that this rally isn’t fake.

There’s more happening too. Another crypto trader controlling $103 million in long positions spread across various pairs, betting on a broader breakout in the crypto market. Meanwhile, some are doing the opposite — an address opened short positions 20x in oil and smaller tokens (HYPE, PUMP, XPL, APT), suggesting not everyone is optimistic about altcoins.

The movement of BTC rising from $65 thousand over the weekend to $71-41.2M reignited hope after being rejected near $74 thousand last week. If it breaks even the $75 thousand, it forces short sellers to cover and speeds everything up. But if it drops? These traders with nine-figure positions will suffer quickly. That’s the risk of trading with leverage at this level.