Hyperliquid Whale Loses $9.53M in a Week, Closes $98M Bitcoin Long and Pivots to 20x Tesla Long

Odaily: Hyperliquid trader address 0x30af closed a 1,355.6 BTC long position at an average price of approximately $80,945 on October 18, ending a position previously worth about $98 million with 40x leverage. On-chain data platform Lookonchain estimates the loss at $3.26 million.

Subsequently, the address opened a Tesla long position worth $34.6 million on Hyperliquid's HIP-3 market, using 20x isolated leverage with an entry price of $360.23 and a liquidation price of approximately $350.74. Tesla is set to report its third-quarter earnings on October 21.

The address also holds a $7.6 million Roundhill Memory ETF long position and a $3.9 million Direxion Daily Semiconductor Bull 3X Fund long position, with leverage of 20x and 10x respectively. Hyperdash data shows the address lost $9.53 million over the past week and $6.52 million over the past month. (Bitcoin.com News)