Whale giant invests heavily in HyperLiquid, $31.61 million BTC long positions pending release

DefiOldTrickster · 2026-01-21T15:13:03+00:00

Recently, a whale deposited 1,070,000 USDC on the HyperLiquid platform and used 40x leverage to establish a Bitcoin long position worth approximately $31.61 million, indicating a strong bullish outlook on Bitcoin's future. The whale had previously accumulated a loss of $21.4 million, and the high leverage strategy may be an attempt to turn the tide. High leverage trading carries significant risks, and market observers are closely monitoring its subsequent developments.

DefiOldTrickster

2026-01-21 15:13:03

Abstract generation in progress

According to the latest tracking data from the on-chain monitoring platform Onchain Lens, a whale recently made a bold move on the derivatives trading platform HyperLiquid. The large holder deposited 1,070,000 USDC in one go and immediately launched a massive leveraged bet. The most notable is a Bitcoin long position built with 40x leverage, currently valued at approximately $31.61 million. This clearly reflects the whale’s strong bullish outlook on Bitcoin’s future price.

Tens of Millions USDC Deposited, Whale Leverage Strategy for Bitcoin

Key figures of this transaction deserve close attention. The deposit of 1,070,000 USDC, combined with 40x leverage, allows this whale to control a Bitcoin long position worth $31.61 million. In the current BTC price environment (latest quote $89.78K), such a position size has become a significant force in the market. Notably, the whale also holds a 5x leveraged ZERO short position, with floating gains of $125,000, indicating a multi-position strategic layout.

On-Chain Monitoring Reveals: This Whale’s Trading History

From Onchain Lens’s historical data, this whale’s trading journey has not been smooth sailing. The address has accumulated losses of up to $21.4 million in past trades, which is quite substantial. This trading history makes its recent large-scale positioning seem even more aggressive. For traders with heavy losses, it is often easier to adopt high leverage strategies in pursuit of a turnaround.

40x Leverage Bet: How Big Is the Whale’s Gamble?

High leverage trading is undoubtedly a double-edged sword. When Bitcoin’s price rises as expected, this whale’s gains will be amplified by the leverage multiple, but vice versa. A 40x leverage means that even a roughly 2.5% decline in Bitcoin’s price could trigger a forced liquidation of the entire position. Based on the whale’s historical loss record, aggressive leverage strategies have not brought stable profits. Whether this large entry is a wise move based on insight or another risky gamble, market observers are waiting quietly for the answer.

BTC-0,08%

USDC-0,01%

ZERO1,69%

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