ChainCatcher message, on-chain analyst @ai_9684xtpa discovered that a trader opened a long position worth over 200 million dollars on the Hyperliquid platform with a principal of 6 million USDC and 50x leverage. This move has attracted market attention.
The position specifically includes 49,384 ETH, with an opening price of 2,196 dollars, a liquidation price of 2,133.9 dollars, and 1,260 BTC, with an opening price of 85,671 dollars and a liquidation price of 84,629 dollars. Such high-leverage operations carry both risks and rewards.
Currently, the trader has an unrealized loss of 507,000 dollars, and if the market drops another 2.8%, they will face liquidation risk. This trend is worth close attention from investors to prevent potential impacts from market fluctuations.