As talks between the US and Iran begin in Switzerland, both countries are taking important steps as part of the negotiations.
Accordingly, Iran has committed to ensuring unfettered freedom of navigation through the Strait of Hormuz and granting International Atomic Energy Agency (IAEA) inspectors full access to its nuclear facilities. The US, meanwhile, has issued a general license allowing trade in Iranian crude oil and petrochemicals until August 21.
Although this situation pushed Bitcoin above $65,000, the declines in US stocks yesterday caused it $BTC will fall to $62,000 and gold will fall to $4,100 per ounce.
While the volatility in Bitcoin is also moving whales, there are also many altcoin transactions taking place.
According to Onchain Lens, a cryptocurrency analytics platform, an anonymous whale opened a 20x long position on Hyperliquid with 27.9 million XRP (worth $30.9 million).
The liquidation price of the position was $0.923947, and the whale also had a 20x long position at 809.9 million $BTCworth $50.6 million.
In response, an anonymous whale with the address “0x9137b” opened a short position on Hyperliquid, worth 554,680 Solana tokens, worth $38.14 million.
The average entry price for the position was $69.23, with a leverage ratio of 20x and a liquidation price of $84.88.
The same whale address also has an Ethereum short position of $4.25 million with 11x leverage, an entry price of $1,680 and a liquidation price of $5,134.3.
Finally, Wang Chun, co-founder of F2Pool, the world’s fourth largest Bitcoin mining pool, reportedly has $4.57 million in $BTC and ETH in the last 24 hours.
*This is not investment advice.