Trader Opens $84.19M Leveraged Bitcoin Long on Hyperliquid

A top ETH holder on Hyperliquid now has $3.32M in unrealized profit from a high-leverage ETH long, while also opening a $92.75M Bitcoin short, signaling active large-scale crypto trading strategies.

BTC
ETH
HYPE

Summary

A high-profile Hyperliquid trader, already noted for large leveraged positions in Bitcoin and Ethereum, holds the second-largest ETH long position on the platform with $3.32 million in unrealized profit from a 7x leveraged $60.58 million buy at $2,884.03. The trader recently opened a 3x leveraged Bitcoin short worth approximately $92.75 million, adding to a history of major trades such as an $84.19 million Bitcoin long, an $18.8 million ETH short, and a $43.88 million Bitcoin short. Over 11 days, the trader has achieved $2.12 million profit with a 100% win rate, and cumulative earnings exceeding $10 million.

Terms & Concepts
  • Leveraged Trading: A trading strategy that uses borrowed funds to increase potential returns, with leverage expressed as a multiple of the initial investment.
  • Hyperliquid: A cryptocurrency exchange platform offering advanced trading features including leveraged positions.
  • ETH Long Position: A market position betting that the price of Ethereum will rise, profiting from upward movements.