Whale opens $49.55M BTC long position on Hyperliquid

An anonymous whale address beginning with 0xebe has opened a $49.55 million, 5x leveraged long position in BTC on Hyperliquid (HYPE), Onchain Lens reported. The position has an entry price of $61,308 and a liquidation price of $49,704. The same address previously lost over $3.4 million in trading and is currently showing an unrealized loss of more than $260,000 on this new position.