Onchain Lens said a wallet funded from OKX two hours earlier opened its first trade on Hyperliquid, taking a 40x leveraged short position on 1,600 BTC worth about $103 million. The position entered at $64,202.40 and carries a liquidation price of $64,888.60. Based on the figures cited in the post, the trade would be liquidated if BTC rises by about 0.94%. Foresight News cited the on-chain monitoring update in its report. The wallet was described as having received funds from OKX before placing the trade, and the Hyperliquid position was identified as its first transaction on the platform.
According to Foresight News, citing monitoring by Onchain Lens, a wallet that received funds from OKX two hours earlier opened its first trade on Hyperliquid: a 40x leveraged short on 1,600 BTC worth about $103 million.
The position entered at $64,202.40 and has a liquidation price of $64,888.60. If BTC rises by about 0.94%, the position will be liquidated, based on the posted figures.
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