COINOTAG reported on August 22 that Onchain Lens monitoring identified a new contract whale (address 0xeA2) depositing 10 million USDC into HyperLiquid, reflecting a significant on-chain capital transfer.
On-chain records indicate the whale increased its Bitcoin exposure with 40x leverage, creating a BTC long position currently valued at $22.65 million with an entry price of $113,622.9, and has placed an unfilled order for an Ethereum long position.
Given the use of extreme leverage, such positions necessitate substantial collateral and entail elevated liquidation risk; market participants and risk managers tracking on-chain flows should review margin requirements and position sizing accordingly.