Hyperliquid whale increases position to $259 million BTC long, 20x leverage hits new high

【Blockchain Rhythm】On-chain data shows that wallet address 0xFB7…5e0A3 has been very active on Hyperliquid. On January 7th, this trader significantly increased their BTC long position to $259 million, making them the largest Bitcoin long holder on the platform.

Specifically, the opening average price of this address's BTC long position is $92,318.6, with an unrealized loss of approximately $1.982 million. The liquidation price is set at $81,157.4, which indicates some buffer for risk.

What’s more noteworthy are the operational details—this whale started positioning 5 hours ago, using 20x leverage to build the long position. At the same time, they placed a take-profit limit sell order with a trigger price set at $93,300. This combination of strategies demonstrates a quite mature risk management approach. In the current market environment with Bitcoin price fluctuations, such a large leveraged long position will undoubtedly have a significant impact on the market.

BTC-2.80%
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