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A new Wallet invested $19.85 million to open a 20x long order on BTC, currently with unrealized gains of nearly $4 million.
Gate News bot reported that according to Spot on Chain monitoring, a newly created Wallet has withdrawn USDC worth 19.85 million dollars from CEX in the past two days and has gone long on BTC with 20x leverage through the Hyperliquid platform:
• Current position size: 3,686.32 BTC (approximately 404.4 million USD); • Entry price: 108,569.7 USD; • Liquidation Price: 105,380 USD; • Floating profit: 3.93 million USD; • Latest operation: Added $7.5 million as margin about 10 hours ago to increase the position.