New Hyperliquid Address Opens $4.42 Million Bitcoin Long at 40x

A newly created Hyperliquid address opened a 40x leveraged long position in 54.1 Bitcoin (BTC) valued at $4.42 million, exposing the trade to liquidation at $80,819.10.

The position’s entry price was $81,778.60. It showed an unrealized loss of about $1,200, while the address had accumulated total losses of $20,200.

The position was reported at 9:45 p.m. ET on Thursday (01:45 UTC Friday). The trade gives the address a large leveraged exposure to BTC through Hyperliquid.