A whale opened leveraged long positions on Hyperliquid around 3 a.m. today, taking a 10x position in 403.44 BTC worth $31.49 million and a 12x position in 4,781 ETH worth $11.75 million. The trades were showing an unrealized loss of $362,000 at the time of monitoring. On-chain analyst Ai Yi said the transaction was the whale's first derivatives trade on Hyperliquid.