Whale 0x007d opens $68.2 million XYZ100 long with 20x leverage

The trader built a 2,353 XYZ100 long tied to the Nasdaq-100 over about 20 hours; the position is worth roughly $67 million to $68.2 million, equals 19.19% of open interest, and showed a $913,600 unrealized loss.

Summary

Whale 0x007d built a large bullish position on the Nasdaq-100 through 2,353 XYZ100 long contracts over about 20 hours, using 20x leverage, according to Lookonchain and HyperliquidNews. The stake was reported as worth about $67 million to $68.2 million and carries a liquidation price of $26,833.85. HyperliquidNews said the position accounts for 19.19% of XYZ100 open interest and was showing an unrealized loss of $913,600, while the wallet’s other holdings were unchanged.

Terms & Concepts
  • 20x leverage: Borrowed exposure that magnifies gains and losses 20-fold.
  • liquidation price: The level where an exchange can forcibly close a leveraged trade.
  • open interest: Total outstanding derivative contracts in a market.