Crypto Whale Bets Big: $830M Hyperliquid Long Position at 40x Leverage

A Bitcoin whale just dropped an $830 million leveraged long on Hyperliquid—because when you’ve got diamond hands, why not 40x the risk?

Leverage this high screams either genius conviction or a hedge fund manager’s midlife crisis. Either way, the market’s watching.

Funny how ’responsible position sizing’ vanishes when BTC pumps—Wall Street would never. (Okay, maybe they would.)

One notable example is Qwatio, who deposited $2.3 million USDC into Hyperliquid and opened a 40x leveraged short on 826 BTC. His position, valued at $88.36 million, had an entry price of $107,192 and a liquidation level of $108,500.

Why is Wynn so bullish on Bitcoin right now?

Wynn’s bullish bet on Bitcoin comes amid a broader wave of Optimism surrounding the top crypto.

Over the past day, BTC hit a high of $107,000, marking its highest price point since its all-time high in January. This break above the $106,000 resistance marks a significant shift, as the level has acted as a ceiling this year.

Moreover, data from blockchain firm Sentora (formerly IntoTheBlock) reveals that 99% of Bitcoin holders are now profitable, suggesting strong market positioning in the bellwether asset.

At the same time, US spot Bitcoin exchange-traded funds (ETFs) have recorded significant inflows over the past weeks. Since April, these products have seen cumulative net inflows of nearly $7 billion, underlying the strong institutional interest in the digital asset.

Considering this, market analysts believe this confluence of bullish sentiment, record ETF inflows, and rising institutional adoption can potentially push the top crypto to a new all-time high above the $110,000 level.