According to Onchain Lens, the trader deposited $4.497 million in USDC into HyperLiquid and used it to open a highly leveraged Bitcoin position totaling 750.3 BTC.
A large crypto holder, often called a whale, deposited $4.497 million in USDC into HyperLiquid and opened a 10x leveraged Bitcoin long position worth $57 million, according to Onchain Lens monitoring. The trade size was reported at 750.3 BTC. A leveraged long allows a trader to amplify exposure to Bitcoin’s price movements using borrowed capital, increasing both potential gains and liquidation risk if the market moves lower.