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Whale deposits 5 million USDC into Hyperliquid to open a 5x long Bitcoin position
A whale just deposited 5 million USDC into Hyperliquid to open a long Bitcoin position with 5x leverage. The two related wallets currently hold 629.16 BTC, equivalent to about 51 million USD.
Onchain Lens recorded this transaction on May 5th. It is not yet clear whether this whale opened the position in one or multiple orders, as well as the specific entry price.
The large position size indicates a significant risk scale if the price moves against expectations. However, the current data only confirms the activity of opening a position and does not show any plans for subsequent trades.
Hyperliquid is a cross-chain derivatives platform where leveraged positions can change rapidly with market fluctuations. In this case, the recorded long BTC amount remains 629.16 BTC at the time of observation.
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