Hyperliquid Trader Opens 40x Bitcoin Long Position Worth $6.05 Million

A Hyperliquid trader opened a long position in Bitcoin three hours ago, buying 96.25 BTC with a position size of about $6.05 million. According to BlockBeats On-chain Detection, the trade used 40x leverage, with an entry price of $62,900.9 and a liquidation price of $59,147.3.