4.22M USDC enters the market, 40x leverage short on 1,366 BTC

Whoa, half an hour ago, an address transferred 4.22M USDC into Hyperliquid and opened a 40x leverage short position on 1,366 BTC, with a position value reaching $148M. Maxed out leverage, so the liquidation price is only $1,500 away from the current price: entry price $108,855, liquidation price at $110,399. Address: https://hyperbot.network/trader/0x9018960618eFF55F5852e3450亿7Cb5661fd2928e1 Sponsored by Bitget｜@Bitget_zh