{"id":24205,"date":"2025-05-22T15:36:42","date_gmt":"2025-05-22T12:36:42","guid":{"rendered":"https:\/\/forklog.com\/en\/whale-takes-1-1bn-40x%e2%80%91leveraged-bitcoin-long-on-hyperliquid\/"},"modified":"2025-05-22T15:36:42","modified_gmt":"2025-05-22T12:36:42","slug":"whale-takes-1-1bn-40x%e2%80%91leveraged-bitcoin-long-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whale-takes-1-1bn-40x%e2%80%91leveraged-bitcoin-long-on-hyperliquid\/","title":{"rendered":"Whale takes $1.1bn, 40x\u2011leveraged bitcoin long on Hyperliquid"},"content":{"rendered":"<p>Trader James Wynn opened <a href=\"https:\/\/hyperdash.info\/trader\/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6\">a long position<\/a> in perpetual contracts for 10,200 BTC ($1.14bn) using 40x leverage on Hyperliquid.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin just broke through $111,900!<\/p>\n<p>Top trader <a href=\"https:\/\/twitter.com\/JamesWynnReal?ref_src=twsrc%5Etfw\">@JamesWynnReal<\/a>&#8216;s 40x leveraged long position of 10,200 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($1.14B) is now sitting on an unrealized profit of over $39M!<a href=\"https:\/\/t.co\/Xy0EC0h5Cw\">https:\/\/t.co\/Xy0EC0h5Cw<\/a> <a href=\"https:\/\/t.co\/5UlbeiA984\">pic.twitter.com\/5UlbeiA984<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1925399929268445192?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At press time, he still held the equivalent of 5,188 BTC ($574.3m) with an unrealised profit of $13.62m.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1573.webp\" alt=\"1-1573\" class=\"wp-image-259221\"\/><figcaption class=\"wp-element-caption\">Data: Hyperliquid.<\/figcaption><\/figure>\n<p>The average entry price is $108,065; the liquidation level is $95,941.<\/p>\n<p>Partial profit-taking on the long has already brought the trader $11.23m.<\/p>\n<p>Wynn separately noted difficulties transferring USDC from Binance to an external wallet on Arbitrum to support the open position. He doubted it was mere coincidence.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yesterday I was trying to add money from <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> to my external wallet to fund HL to save myself from a potential major liquidation.<\/p>\n<p>But for the first time ever it just so happened that USDC on Arbitrum was SUSPENDED.<\/p>\n<p>Coincidence? Unlikely.<\/p>\n<p>They was not only coming for me\u2026 <a href=\"https:\/\/t.co\/BsEDxv3KrA\">pic.twitter.com\/BsEDxv3KrA<\/a><\/p>\n<p>\u2014 James Wynn ? (@JamesWynnReal) <a href=\"https:\/\/twitter.com\/JamesWynnReal\/status\/1925432076951863496?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Hyperliquid platform is built on its own high-performance L1<a href=\"https:\/\/u1f987.com\/en\/news\/hyperliquid-team-launches-hyperevm\"> HyperEVM<\/a> and offers functionality common to <span data-descr=\"centralised platforms\" class=\"old_tooltip\">CEX<\/span>: a real-time order book, high liquidity and competitive fees. Hyperliquid does not require <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> procedures.<\/p>\n<p>The network uses a modified version of the Proof-of-Stake consensus algorithm called HyperBFT, with throughput of 200,000 <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>.<\/p>\n<p>Thanks to its speed and capital efficiency, it has quickly gained popularity. A position as large as $1.1bn may reflect a shift by big players away from centralised venues towards DEXs.<\/p>\n<p>At press time, Hyperliquid\u2019s open interest (OI) and 24-hour turnover hit record highs of $8.92bn and $18.91bn, respectively. By both metrics, the platform ranks fifth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hyperliquid hit all-time highs in open interest ($8.92B) and 24h trading volume ($18.91B).<\/p>\n<p>It now ranks 5th by perps open interest, behind Binance, Bitget, Bybit, and OKX, and 5th by 24h volume, trailing Binance, OKX, Bybit, and Bitget.<\/p>\n<p>Source:<a href=\"https:\/\/twitter.com\/Neda4_?ref_src=twsrc%5Etfw\">@Neda4_<\/a> <a href=\"https:\/\/t.co\/93BSJvNN9C\">pic.twitter.com\/93BSJvNN9C<\/a><\/p>\n<p>\u2014 Laevitas (@laevitas1) <a href=\"https:\/\/twitter.com\/laevitas1\/status\/1925495487102066944?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to The Block, DEX spot trading as a share of the corresponding CEX metric has risen to 20%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"264\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1108-1024x264.png\" alt=\"2-1108\" class=\"wp-image-259222\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1108-1024x264.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1108-300x77.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1108-768x198.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1108.png 1526w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/dex-non-custodial\/dex-to-cex-spot-trade-volume\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Bitcoin and Ethereum are the leading assets on Hyperliquid. For bitcoin, OI and daily trading volume are $3.87bn and $11.36bn, respectively; for the second-largest cryptocurrency they are $1.05bn and $3.89bn.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">BTC remains dominant on the platform with $3.87B in OI and $11.36B in volume, followed by ETH at $1.05B and $3.89 B. <a href=\"https:\/\/t.co\/3XxwyUTO42\">pic.twitter.com\/3XxwyUTO42<\/a><\/p>\n<p>\u2014 Laevitas (@laevitas1) <a href=\"https:\/\/twitter.com\/laevitas1\/status\/1925495628764729448?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In March, ForkLog<a href=\"https:\/\/u1f987.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\"> examined<\/a> the chain of events in which high-risk positions<a href=\"https:\/\/u1f987.com\/en\/news\/hyperliquid-delists-contract-amid-price-manipulation-concerns\"> jeopardised<\/a> not only the platform\u2019s stability but also the safety of client funds in the Hyperliquidity Provider Vault.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trader James Wynn opened a long position in perpetual contracts for 10,200 BTC ($1.14bn) using 40x leverage on Hyperliquid. Bitcoin just broke through $111,900! Top trader @JamesWynnReal&#8216;s 40x leveraged long position of 10,200 $BTC($1.14B) is now sitting on an unrealized profit of over $39M!https:\/\/t.co\/Xy0EC0h5Cw pic.twitter.com\/5UlbeiA984 \u2014 Lookonchain (@lookonchain) May 22, 2025 At press time, he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,787,1156],"class_list":["post-24205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-dex","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24205"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24204"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}