A certain aggressive trader bets $27 million on Hyperliquid and completes a large position within 3 days.

The cryptocurrency market has been experiencing a continuous increase in activity recently. According to on-chain data platform Onchain Lens, a trader deposited 1.82 million USDC into the decentralized perpetual contract platform Hyperliquid over the past 3 days and quickly initiated a large long position. This aggressive move highlights the trader’s optimistic outlook on the current market. Daily development of the Hyperliquid ecosystem and this large-scale positioning by the trader also reflect the activity level of market participants.

High Leverage Long Positions, Full-Scale Multi-Asset Building

The trader with the account “0xa5f” chose a high-leverage multi-asset strategy. Specifically, the trader established a 40x leveraged long position of 200.67 BTC. Based on the latest price of $88.91K, this position is worth approximately $17.84 million. Additionally, a 25x leveraged position of 2,000 ETH has been initiated. At the real-time price of $3.00K, this position amounts to about $6 million. Furthermore, the trader also built a 10x leveraged long position of 104,319 HYPE tokens. Using the latest price of $32.97, this position is valued at approximately $3.44 million.

Risk and Opportunity Coexist in an Aggressive Bet

Overall, the trader’s total position size has reached $27.28 million. Notably, the trader employed a progressive leverage strategy—BTC at the highest 40x leverage, ETH at 25x, and HYPE relatively conservative at 10x. This configuration indicates the trader’s strong bullish sentiment towards BTC but also entails a very high risk exposure. With such high leverage, any adverse price movement could lead to liquidation risk. This bold move into the crypto market not only reflects market bullishness but also represents a high-risk market bet.