Hyperliquid Trader Takes on $43.68M in Leverage with BTC ETH Longs

A significant trading position has been opened on the Hyperliquid platform, where a trader has established long positions worth $43.68 million in Bitcoin (BTC) and Ethereum (ETH). The trader has taken out 400.88 BTC (~$25.16 million) at 40x leverage and 10,000 ETH (~$18.51 million) at 25x leverage.

This move comes as the price of BTC sits below key resistance levels, with the EMA50 resistance at $63,704.33 and the EMA200 at $63,721.15. The MACD death cross is also currently at -278.94, indicating a bearish trend in the market.

The position is within the Bollinger bands, but faces lower support at $62,313.17 before any potential bounce. This development echoes recent patterns of traders with negative PnL adding exposure to crypto perps ahead of potential market crash volatility.