Linked Wallets Build $47M Leveraged Bitcoin Long Position on HyperLiquid

A newly identified wallet “0x93A” has deposited $4 million in USDC into HyperLiquid and used the funds to open a 200 BTC long position with 20x leverage.

This activity appears to be part of a broader set of coordinated positions, as three additional wallets are reportedly linked to the same strategy, collectively building an estimated 800 BTC leveraged long exposure worth about $47 million.

Meanwhile, the positioning comes amid weak market conditions, with Bitcoin trading below $60,000 and down roughly 6% over the past week.

Source: Onchain Lens