Crypto Whale Goes Nuclear: $1.1B Bitcoin Long on Hyperliquid—With 40X Leverage
Someone just bet the farm—and then some—on Bitcoin’s next rally. A single trader plowed $1.1 billion into a leveraged long position using Hyperliquid, cranked up to 40X. That’s not confidence—that’s a moonshot with a side of hubris.
Leverage this extreme turns even minor dips into margin call bloodbaths. But hey, when has risk management ever stopped crypto degens? If this plays out, it’ll be legend—if it blows up, another cautionary tale for the ‘whale graveyard’.
Bonus jab: Wall Street hedges with diversification. Crypto whales? They double down—literally—with leverage that’d give a CME veteran night sweats.