🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
Four whales are using high leverage to go long on BTC, with total holdings nearing 1.2 billion USD.
According to on-chain analyst Yujin, as of May 23, PANews reports that James Wynn and three other traders collectively hold $1.188 billion worth of BTC long positions on the Hyperliquid platform, all using 40x leverage. Wynn alone has a position of $807 million, going long 7,225 BTC, with unrealized gains of approximately $20.29 million. The other three hold 1,500, 1,000, and 900 BTC respectively, and currently also have varying degrees of unrealized gains, indicating strong market bullish sentiment.