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Just checked on-chain data, and a whale is making some big moves on Hyperliquid. Using 5 million USDC with 5x leverage to go long on Bitcoin, they instantly took a position worth $25 million. Such a scale of operation definitely draws attention.
Interestingly, this guy's risk management approach is quite clear. After opening a long position at $81,231, he set a stop-loss at $77,000. That means his maximum loss is 25%, and if BTC drops 5%, he’s ready to cut his losses. This kind of clear stop-loss awareness is actually rare in leveraged trading.
The stability of USDC is very important for such large positions, as using stablecoins for leverage helps avoid unnecessary exchange rate fluctuations. However, with this kind of long position, if a sharp pullback occurs in the short term, caution is still necessary.