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Traders made a profit of 4.27 million USD by going long on BTC with 40x leverage on Hyperliquid.
Gate.io News bot message, a trader went long on Bitcoin with 40x leverage on the Hyperliquid platform and currently has an unrealized profit of 4.27 million dollars.
According to reports, the trader switched to go long on BTC after closing an ETH short position on the MUX platform 11 hours ago, locking in a profit of 6.16 million dollars within 24 hours.
According to Lookonchain data, this transaction comes from a wallet funded by @Rewkang (it has been confirmed that this wallet does not belong to Andrew Kang). The wallet deposited 2.5 million USDC into Hyperliquid, establishing a position of 1,292 BTC (worth 100 million dollars), with a liquidation price of $77,248.