A whale went long on BTC with 40x leverage; position value exceeds $30 million

According to on-chain analytics platform Lookonchain (@lookonchain), a trader with the address “0x0df2” deposited 6.2 BTC (approximately $455,000) on HyperLiquid to open a short position of 145.42 BTC (approximately $10.66 million), realized a profit of $311,600, and swiftly closed the position. Immediately thereafter, the trader opened a long position of 416.6 BTC (approximately $30.6 million) with the maximum leverage of 40x; the take-profit price was set at $74,400 (projected profit: $439,000), and the liquidation price stands at $72,430.