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An address sold 1863 ETH and deposited 4.06 million USDC into Hyperliquid for a 20x leveraged long position on BTC.

BlockBeats News, March 6th, according to LookIntoChain monitoring, an address sold 1,863 ETH after two years of dormancy, receiving 4.06 million USDC at an average price of $2,181 per ETH.

Subsequently, the whale deposited the 4.06 million USDC into Hyperliquid to long BTC with 20x leverage, with the entry price at $89,930, currently unrealized P&L of $589,000, and the liquidation price at $75,186.

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Trader AguilaTrades' 40x BTC short position is only 0.44% away from liquidation, with cumulative losses of approximately $39.09 million.

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