Hyperliquid trader opens $28.8M long on BTC, ETH and NEAR
- —200 BTC bought at an average $83,604.5 with 40x cross leverage
- —4,000 ETH bought at an average $2,536.23 with 25x leverage
- —About 332,000 NEAR bought at an average $5.81 with 10x leverage
- —All three positions are long; unrealized profit stands at $243,000
Why it matters: Large leveraged longs in major assets signal a bullish bet but raise the risk of cascading liquidations if prices reverse.
Source: TokenPost