Two addresses hold $86.2 million in leveraged BTC longs

Lookonchain and Onchain Lens tracked large leveraged crypto longs, including 1,364 BTC across two addresses and a separate Hyperliquid trader's $43.68 million Bitcoin and Ether positions.

BTC
ETH
HYPE

Summary

Large leveraged crypto long positions drew attention as Lookonchain tracked two addresses holding a combined 1,364 BTC worth $86.2 million, with liquidation prices at $61,079.4 and $61,096.7, while Onchain Lens separately identified a Hyperliquid trader opening about $43.68 million in Bitcoin and Ether longs. The Hyperliquid positions included 400.88 BTC at 40x leverage and 10,000 ETH at 25x leverage, showing about $193,300 in unrealized profit at the time of monitoring despite roughly $1.95 million in cumulative historical losses. Such concentrated leveraged bets can become focal points for volatility because liquidation risk rises quickly if prices move lower.

Terms & Concepts
  • Liquidation price: The price level at which an exchange forcibly closes a leveraged position after losses consume the trader's margin.
  • Leverage: The use of borrowed funds to increase position size, magnifying both potential gains and potential losses.
  • Hyperliquid: A crypto trading platform focused on perpetual futures and other leveraged trading products.