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Crypto Trader Opens $1.1B Long Bitcoin Bet on Hyperliquid Using 40X Leverage
coindesk.com/markets/2025/05/22/crypto-trader-opens-11b-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 platform.
The trade is tied to wallet…
This story appeared on coindesk.com, 2025-05-22 08:09:17.