Two Whales Open Massive BTC 40x Long Positions on Hyperliquid, Depositing Over $5 Million

According to Onchain Lens data reported by COINOTAG News on June 6th, two significant market participants initiated substantial BTC long positions using high leverage on Hyperliquid. The first whale allocated approximately $2.65 million, opening leveraged positions with 40x on BTC and 10x on SUI around four hours prior. Shortly after, a second whale committed $2.35 million to a 40x leveraged BTC long position just ten minutes ago. These sizeable leveraged trades highlight increased confidence among large investors in the short-term bullish momentum of Bitcoin, reflecting strategic positioning within the crypto derivatives market. Market participants should monitor such high-leverage activity closely, as it can influence volatility and liquidity on platforms like Hyperliquid.