Whale Opens 40x Long on Bitcoin With $2.4M Position on Hyperliquid on May 18

BTC-2.14%

According to BlockBeats and Hyperinsight monitoring, a whale opened a 40x leveraged long position on 31.36 BTC ($2.4M) on Hyperliquid on May 18, with an entry price of $77,008 and liquidation price of $76,032. The address has since closed the position, along with long positions in 10 other cryptocurrencies that it had maintained for approximately 30 days. The positions exited at breakeven after all unrealized gains were erased during recent market decline.

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