Whale Opens $250M 20x Leveraged Long Position on BTC, Secures $5.68M Profit on Hyperliquid

According to data from Ashes Monitoring, a significant market participant executed a substantial long position on Bitcoin (BTC) using 10 million USDC via Hyperliquid. This strategic move involved leveraging 2276 BTC at 20x, resulting in a position valued at approximately $250 million. The initial entry price was recorded at $107,637, with a liquidation threshold set at $105,110. Currently, the trader is realizing a profit of around $5.68 million, underscoring the impact of leveraged positions in the crypto derivatives market. Such high-leverage trades highlight the volatility and risk management dynamics prevalent in institutional crypto trading, emphasizing the importance of monitoring whale activities for market sentiment analysis.