Huo Xing Finance reports that on September 9, according to LookonChain monitoring, a newly created wallet deposited 11.9 million USDC into Hyperliquid, then took a 20x leveraged long position of 500 BTC, with a notional position value of approximately $39.44 million. The estimated liquidation price for this position is $55,570.76.
New wallet deposits 11.9M USDC on Hyperliquid to open a 20x long position on 500 BTC
MarsBitShare
Summary
A new wallet deposited 11.9M USDC on Hyperliquid and opened a 20x long position on 500 BTC, with a notional value of $39.44M. On-chain trading signals indicate the liquidation price is set at $55,570.76. The trade demonstrates a calculated risk-to-reward profile, targeting substantial upside while exposing the wallet to significant price volatility.
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