Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1. 1 billion on the decentralized exchange Hyperliquid, which has stunned the crypto community and is believed to be the first-ever position exceeding $1 billion on the platform. The X account “James Wynn” claims to be behind the position, which is now up $36 million on the trade, data from Hypurrscan’s block explorer shows. A $28 source: https://cointelegraph.com/news/hyperliquid-first-ever-1-billion-bitcoin-bet-40x-leverage?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound