Smart-money wallet opens 200 BTC long on Hyperliquid with 40x leverage

Previously inactive address 0x15a deposited $1 million in USDC and built a roughly $12.58 million perpetual futures position after months without activity, while cumulative profit stands near $2.28 million.

BTC
USDC
HYPE

Summary

A previously inactive smart-money wallet identified as 0x15a has returned to the market by depositing $1 million in USDC to Hyperliquid and opening a 200 BTC long using 40x leverage. The position carried a notional value of about $12.58 million, showing how a relatively small margin deposit can control a much larger perpetual futures exposure. Onchain Lens said the address had not traded since March this year, and data shows its cumulative profit in perpetual futures (crypto derivatives without expiry) is დაახლოებით $2.28 million.

Terms & Concepts
  • Hyperliquid: A crypto trading platform focused on perpetual futures.
  • 40x leverage: Borrowed exposure equal to 40 times posted capital.
  • perpetual futures: Crypto derivatives without an expiration date.