coin-img-BREVBREV-8.31%coin-img-LIGHTERLIGHTER+0.00%coin-img-PEPEPEPE-2.40%coin-img-HYPEHYPE-4.66%coin-img-UNIUNI-5.26%coin-img-ETHETH-3.91%coin-img-BTCBTC-2.17%coin-img-UCNUCN+0.20%coin-img-BREVBREV-8.31%coin-img-LIGHTERLIGHTER+0.00%coin-img-PEPEPEPE-2.40%coin-img-HYPEHYPE-4.66%coin-img-UNIUNI-5.26%coin-img-ETHETH-3.91%coin-img-BTCBTC-2.17%coin-img-UCNUCN+0.20%coin-img-BREVBREV-8.31%coin-img-LIGHTERLIGHTER+0.00%coin-img-PEPEPEPE-2.40%coin-img-HYPEHYPE-4.66%coin-img-UNIUNI-5.26%coin-img-ETHETH-3.91%coin-img-BTCBTC-2.17%coin-img-UCNUCN+0.20%coin-img-BREVBREV-8.31%coin-img-LIGHTERLIGHTER+0.00%coin-img-PEPEPEPE-2.40%coin-img-HYPEHYPE-4.66%coin-img-UNIUNI-5.26%coin-img-ETHETH-3.91%coin-img-BTCBTC-2.17%coin-img-UCNUCN+0.20%

Whale Opens $90.7 Million Bitcoin Long Position on Hyperliquid

A whale deposited 15.5 million USDC into Hyperliquid and initiated a 20x leveraged long position on 980 BTC valued at $90.7 million, Lookonchain reported. Another whale subsequently opened a 40x short position on 358.85 BTC worth $33.24 million on the same platform. Hyperliquid has seen increased leveraged trading activity amid Bitcoin price fluctuations. Such large positions reflect heightened speculation in perpetual futures markets.
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