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Trader opens 187 million dollar leveraged Bitcoin and Ether longs on Hyperliquid

On-chain data shared by analysts shows a trader opened roughly 187 million dollars in leveraged long positions across Bitcoin and Ether on Hyperliquid, backing the trades with approximately 6 million dollars in collateral.

Screenshot of a crypto wallet interface showing leveraged long positions in Bitcoin and Ether totaling over $186 million on Hyperliquid.
Image: @lookonchain

A crypto trader has entered massive leveraged long positions across Bitcoin and Ether totaling approximately $187 million on decentralized perpetual exchange Hyperliquid, according to on-chain analytics account Lookonchain. The wallet holds a long position of 1,822 BTC valued at around $149.5 million using 40x isolated leverage, alongside 15,270 ETH valued at roughly $37.25 million with 25x isolated leverage.[1]

The highly leveraged trades carry tight margins for error. Lookonchain reported liquidation prices of $80,637.87 for the Bitcoin position and $2,406.08 for the Ether position, with entry prices recorded at $82,409.00 and $2,455.27, respectively. At the time of Lookonchain's snapshot, the wallet maintained roughly $5.64 million in spot USDC balances and faced unrealized losses exceeding $869,000 across both trades.[1]

Trader account KookCapitalLLC noted that the address was already down roughly $7.3 million on the week before expanding its position sizing, remarking that the Bitcoin trade stood around $1,600 away from liquidation. Later dashboard figures shared by KookCapitalLLC showed the wallet holding about $6.12 million in spot balances while remaining in negative unrealized PnL.[3]

Despite the severe drawdown risk, trading metrics shared by CryptoSavingExpert indicate the account has generated over $6.6 million in historical cumulative perpetual profits.[2]

Key facts

  • Lookonchain identified an address holding $186.7M in leveraged long positions on Hyperliquid across Bitcoin and Ether.
  • The wallet opened a 40x isolated long on 1,822 BTC with an entry price of $82,409.00 and a liquidation price of $80,637.87.
  • The wallet opened a 25x isolated long on 15,270 ETH with an entry price of $2,455.27 and a liquidation price of $2,406.08.
  • KookCapitalLLC reported that the trader was down $7.3M on the week before upsizing the position.
  • Account records show the wallet had over $6.6M in cumulative historical profits on perpetual contracts.

Sources · 3 sources

  1. LO

    Lookonchain@lookonchainPost on X ·

    A gambler is going long on $BTC and $ETH with maximum leverage, holding a total position of $186.7M! Positions: 1,822 $BTC ($149.5M) Liq. price: $80,637.87 15,270 $ETH ($37.25M) Liq. price: $2,406.08 https://t.co/cyCggVN3TW https://t.co/YHrt0v4Ye3

    Open source
  2. C®

    CryptoSavingExpert ®@CryptoSavingExpPost on X ·

    A whale has opened a $149.6 MILLION $BTC long position using 40x leverage. The trader has reportedly made over $6.6 million in previous profits. A position of this size carries significant risk, especially with leverage this high. Is this whale anticipating a major move for Bitcoin?

    Open source
  3. KO

    kook@KookCapitalLLCPost on X ·

    a hyperliquid whale just put $187m on max leverage longs with a $6.1m account..... 1,822 bitcoin:native at 40x, liquidation $80,640 15,270 ethereum:native at 25x, liquidation $2,406 bitcoin:native is $1,600 away from wiping him out already down $7.3m this week and he sized up anyway 😂 one red candle and this account is gone

    Open source