New Wallet Opens 4x Leveraged BRENTOIL Long on HyperLiquid
According to Onchain Lens, the address deposited 6.75 million USDC into HyperLiquid and set a TWAP order (time-weighted average price execution) to expand the position over the next six hours.
USDC
HYPE
Summary
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
TWAP order: A time-weighted average price execution method that splits an order into smaller trades over a set period.
Leverage: The use of borrowed exposure to amplify the size of a trading position relative to posted collateral.