On September 20, COINOTAG News reported that on-chain monitoring by Onchain Lens identified whale address 0x222 depositing 2 million USDC into HyperLiquid through an intermediary wallet and opening a 40x leveraged BTC long with a position value of $46.28 million.
The entity’s primary wallet also shows concentrated derivatives exposure, maintaining long positions in BTC (40x) and SOL (20x). These verified on-chain movements emphasize concentrated leveraged position risk on the platform and underscore the need to monitor liquidity and margin metrics when evaluating counterparty and market stability.