A prominent crypto whale, with a profit and loss record exceeding $16.39 million, has initiated substantial long positions in $LIT and $BTC. The wallet, potentially associated with the user @NervousDegen, has opened a 100 $BTC long position at 40x leverage, valued at $7.09 million, and a 1 million $LIT long position at 5x leverage, worth $982,000. Additionally, the whale continues to hold 75,160 $HYPE tokens, valued at $3.01 million, in spot and staking positions.