An address used 20x leverage to borrow and go long on ETH, with a position value of $33.38 million

Odaily News According to Lookonchain monitoring, a newly created address (0x6C85) deposited 12.88 million USDC into Hyperliquid to borrow and go long on ETH with 20x leverage. Currently, this address has opened a long position of 16,270 ETH, valued at $33.38 million.