150 BTC 40x Long: Whale's $11.8M Position, Liq 11.7% Below
Whale Opens 150 BTC at 40x From $77,225
A Hyperliquid wallet flagged as smart money is carrying one of the biggest single BTC positions on the venue right now. The address holds 150 BTC long at 40x leverage, opened from an entry price of $77,225. At the current price near $78,700, the position is worth about $11.8M and sits at roughly $207K in open profit.
The trade is a cross margin long, which means the entire account backs it. The wallet has roughly $1.16M in account equity, and the margin used on this single position is about $295K. A 40x multiplier leaves almost no room for a pullback, which is exactly why the liquidation price matters.
Liquidation Sits 11.7% Below Spot
The position's liquidation price is $69,406. Against a spot price of roughly $78,700, that is about 11.7% lower, or a drop of roughly $9,300 per coin. The asset has moved more than that within a single day several times this week, including the swing from the $80K rejection down to the $76.6K low on the same day.
In dollar terms, if price reaches the liquidation level, the platform would close out the entire 150-coin position. That would put roughly $11.8M of notional into the book as a forced sell, though the actual market impact depends on how the exchange routes the unwind. For now, the wallet has never been liquidated in its tracked history, with zero liquidation events on record.
The Whale Behind the Position
This is not a fresh account. The wallet has been active for about 126 days, with 641 closed trades and a 58.97% win rate. Realized profit stands at $3.73M, with fees of roughly $300K. Its largest single fill was just under $1M, which suggests the account usually works with smaller sizes and only recently scaled into a big directional bet.
Top coins traded include bitcoin, HYPE, ZEC, ETH and SOL. The current 40x long is by far its largest open position, roughly ten times its account equity. That concentration is unusual: the same wallet that built $3.73M in realized profit is now risking a large share of it on one highly leveraged bet.
Why the Leverage Matters for the Market
The asset rejected at the $80,000 round number overnight and has since settled near $78,700. Funding rates turned positive again, with Binance showing about 0.0085% per 8 hours, and open interest is up 2.23% to $45.5B across major venues. That combination, positive funding plus rising OI, usually means longs are paying to stay in the trade.
A large long with a tight liquidation acts like a magnet for price action: if the market falls, the closer price gets to $69,406, the more likely the position gets unwound, adding sell pressure. If it instead pushes back toward $80K, this whale earns roughly $1,775 per dollar of price gain, given 150 coins of exposure. Either way, the trade is now part of the leverage structure the market has to work through.
Data as of Beijing time 03:54 on Aug 25, covering Binance, OKX, Bybit, Hyperliquid, Gate, Bitget and other major exchanges. Whale positions can change at any time.