New wallet opens 40x leveraged 54.1 BTC long on Hyperliquid

A newly created address opened a 40x leveraged long position worth 54.1 BTC, or about $4.42 million, on Hyperliquid, according to on-chain analytics account Onchain Lens. The entry price was $81,778.6 and the liquidation price was $80,819.1. The position is currently showing an unrealized loss of about $1,200, while the address has accumulated losses of about $20,200.