🚨 Crypto Whale Places $1.1B Bitcoin Long Bet at 40x Leverage on Hyperliquid 🚨
A crypto whale, identified as "James Wynn" on X, has made headlines by expanding a 40x leveraged long position on Bitcoin to $1.1 billion on the decentralized exchange Hyperliquid. This marks the first position exceeding $1 billion on the platform.
Key Highlights:
· Wynn utilized a $28.4 million margin to build the position, achieving an average entry price of $108,065 per BTC.
· As Bitcoin's price approached $112,000 on May 22, the position yielded a profit of $36 million.
· The position's liquidation price stands at $103,790, with Bitcoin trading well above this threshold.
· Wynn began using Hyperliquid two months prior, depositing $4.65 million in USDC and engaging in 32 trades, including positions in XRP, TRUMP, FARTCOIN, and TON.
Community Reactions:
· Crypto analyst Sigma^2 commented, "He did it fellas. First position [on Hyperliquid] to exceed $1B."
· Influencer Follis remarked, "That mfer has nerves of steel," while others labeled the trader as an "absolute mad man."
POLL: What are your thoughts on such high-leverage crypto trades?
· 💰 Bold move with high rewards
· ⚠️ Risky strategy, potential for significant loss
· 🤔 Depends on market conditions
💬 Your Thoughts: Share your views and tag @FaisalCrypto007 !
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