Whale on Hyperliquid Takes $64.6M 25x Leveraged Long Position on ETH Amid $73.66M Total Profit

On July 21, data from Lookonchain reveals a significant leveraged position by a whale (0x4a20) on the Hyperliquid platform, strategically long on multiple cryptocurrencies. The trader employs aggressive leverage, with 25x on Ethereum (ETH), 40x on Bitcoin (BTC), and 10x on altcoins HYPE and PEPE. Notably, the whale’s exposure includes a substantial $64.6 million long position in ETH alongside a $37.33 million long position in BTC. This concentrated leverage underscores a high conviction in the upward momentum of these assets. The cumulative realized profit for this address on Hyperliquid has reached an impressive $73.66 million, reflecting effective risk management and market timing. Such activity highlights the growing influence of large-scale leveraged traders in shaping crypto market dynamics, emphasizing the importance of monitoring whale movements for market participants and analysts alike.