PANews, September 9: According to Lookonchain monitoring, a newly created wallet address "0xcfe2" first deposited $11.9 million in USDC into the derivatives platform Hyperliquid, then opened a long position of 500 BTC with approximately 20x leverage, resulting in a total notional position of about $39.44 million, with a liquidation price of $55,570.76.
New wallet deposits $11.9M USDC on Hyperliquid, opens 500 BTC long position at 20x leverage
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Summary
A new wallet deposited $11.9M in USDC on Hyperliquid and opened a 500 BTC long position using leverage trading. The position carries 20x leverage, with a total notional value of $39.44M and a liquidation price of $55,570.76. This move underscores active position trading strategies in the derivatives market.
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