INSUBCONTINENT EXCLUSIVE:
A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 billion on the decentralized exchange Hyperliquid, which has
margin position was used across several trades to increase the Bitcoin (BTC) position, now worth $1.13 billion
analyst Sigma^2 wrote on X
broke through $110,000 on May 21
The position sits comfortably above its liquidation price of $103,790, as Bitcoin has well surpassed $110,000 and neared $112,000 in early
trading on May 22.HyperDash data shows the crypto whale started closing some Bitcoin long positions when Bitcoin was trading around $106,000
A small amount of that PnL includes a position held in kPEPE
questioned his sense in making the trade.Wynn describes himself as a high-risk leverage trader and memecoin maxi who supposedly called Pepe
crypto whale started using Hyperliquid two months ago, depositing $4.65 million worth of the stablecoin USDC (USDC) onto the platform,
offers spot trading and borrowing and lending services, among other things.Magazine: TradFi is building Ethereum L2s to tokenize trillions
