Bitcoin: Trader Opens $84.19M 3x Long Position on Hyperliquid at a $91,438 Entry Price
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, citing TheDataNerd, reports that a high-net-worth trader with substantial realized profits has opened a 3x leveraged long on Bitcoin via Hyperliquid. The notional exposure sits near $84 million, with an entry price close to $91,438, signaling continued demand for BTC derivatives among experienced market participants.
Evidence from TheDataNerd indicates the trader has over $10 million in profits, underscoring selective risk-taking within crypto markets. The move highlights Hyperliquid‘s capacity to support sizable leveraged bets, while traders weigh upside against margin requirements and funding costs in a volatile BTC landscape.
Industry observers note that such large, leverage-driven bets reinforce ongoing institutional interest in Bitcoin derivatives and liquidity platforms. As Hyperliquid expands, readers should monitor risk controls and margin dynamics that shape short-term price action in the asset class.