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A whale address is going long on BTC at 40x on Hyperliquid, with a position value of 100 million USD.
On April 9th, according to Onchain lens monitoring, Mechanism Capital partner Andrew Kang’s associated address deposited 2.27 million USDC into Hyperliquid, using 40x leverage to increase BTC long positions. The current position value is approximately 100 million USD, with an entry price of 78,146.7 USD and unrealized losses of 795,692.92 USD.