$BTC High risk with a value of 54.5 million USD on Bitcoin. The trade was conducted via Hyperliquid, using 20x leverage. This move has sparked speculation about its potential impact on the price direction of Bitcoin.
Whale opened a position with 54.5 million USD leverage
On June 9, on-chain data revealed that wallet 0x1f25 deposited 10 million USD of USDC in Hyperliquid, a decentralized perpetual trading platform. Subsequently, the wallet opened a long position on Bitcoin with 20x leverage worth 54.5 million USD, equivalent to 511.5 Bitcoin.