According to Onchain Lens, a whale deposited 3 million USDC into Hyperliquid, opening a 30x leveraged Bitcoin short position with a holding of 700 BTC, valued at approximately $52.89 million, at an average entry price of $75,919 and a liquidation price of $80,839.93.
Whale opens a 30x leveraged BTC short position worth $52.9M on Hyperliquid
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Summary
A whale opened a large short position in Bitcoin on Hyperliquid, using 3 million USDC to initiate a 30x leveraged trade. The position, sized at 700 BTC and valued at $52.89 million, was entered at an average price of $75,919. The position sizing strategy results in liquidation at $80,839.93.
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