May 22, 2025

Crypto Trader Opens $1.1B Long Bitcoin Bet on Hyperliquid Using 40X Leverage

A single trader has opened a massive $1.1 billion notional long position on bitcoin (BTC) using 40x leverage on the onchain decentralized exchange (DEX) Hyperliquid, a rare instance of a ten-figure position being open entirely on a blockchain-based …

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