Trader Opens $13.8M BTC Long on Hyperliquid After $1.95M USDC Deposit

Trader Opens $13.8M BTC Long on Hyperliquid After $1.95M USDC Deposit

On-chain analyst Ai姨 reports a major whale took substantial BTC and ETH long positions totaling $55 million following a $20M USDC deposit to Hyperliquid.

BTC
ETH
USDC

Fact Check
The statement is strongly supported by a majority of the provided sources, including the one with the highest authority. The core claims—a $1.95 million USDC deposit on the Hyperliquid platform and the opening of a $13.8 million long position on Bitcoin—are directly corroborated by multiple, independent reports.The on-chain activity alert from the blockchain security firm CertiK, the most authoritative source, explicitly confirms that a whale used a $1.95 million USDC margin to open the $13.8 million Bitcoin long position. This is further supported by a crypto news report from Panewslab which details the same transaction, linking the deposit amount directly to the final position size.Additional sources, including several news alerts featured on CoinGecko, independently verify the initial deposit of $1.95 million USDC onto the Hyperliquid platform for the purpose of a Bitcoin trade. There is a minor inconsistency in the ancillary details provided by some sources. A news flash from 快讯 and one CoinGecko alert mention a "15x leverage," which is mathematically inconsistent with a $1.95 million deposit creating a $13.8 million position (which would be approximately 7x leverage). However, the statement being assessed does not mention leverage, only the deposit and position amounts. Given that the specific dollar figures are more widely reported and are confirmed by the high-authority on-chain analysis firm, it is most likely that the leverage figure was a reporting error in the other sources. The core statement itself remains consistent and well-evidenced.Finally, one source regarding Metaplanet's Bitcoin holdings is entirely irrelevant, as its mention of a $13.8 million valuation is purely coincidental and unrelated to the trader or platform in question.
Summary

On-chain analyst Ai姨 tracked a whale depositing $20 million USDC into Hyperliquid and opening large Bitcoin and Ethereum long positions. The trader holds 350 BTC worth $37.29 million and 5,000 ETH worth $17.98 million, with an unrealized profit of $256,000. The activity reflects continued high-stakes leveraged trading by prominent market participants despite challenging market conditions.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for transactions and margin funding in cryptocurrency trading.
  • Hyperliquid: A cryptocurrency trading platform known for high-speed execution and support for leveraged positions.
  • Margin: Funds deposited with a trading platform to maintain a leveraged position, serving as collateral against potential losses.