Hyperliquid Trader Loses $463K After Opening a $31M 40x Bitcoin Long

After remaining inactive for three months, trader 0x15a4 returned to Hyperliquid and opened a 40x-leveraged long position on 500 BTC, valued at approximately $31 million.

However, the timing quickly turned unfavorable. Shortly after the trade was executed, Strategy announced the sale of 3,588 BTC, a move that coincided with a pullback in Bitcoin's price.

With Bitcoin trading around $61,984, the position is now sitting at an unrealized loss of roughly $463,000.

Source: Lookonchain