A whale deposited $16 million in USDC in Hyperliquid and went long on BTC with 40x leverage

Odaily News According to Onchain Lens, a whale named Hyperliquid deposited $16 million USDC and opened a long position in BTC with a leverage of 40 times. Currently, the position is worth more than $117.69 million, with a floating profit of $100,000.