Bitcoin Whale Opens $1.1 Billion Long Position on Hyperliquid, Becoming the First to Reach This Milestone

A crypto whale known as ‘James Wynn’ has taken a bold step, expanding a long Bitcoin bet on the decentralized exchange Hyperliquid to over $1.1 billion. This is believed to be the first position of this magnitude ever recorded on the platform. The trade has generated an impressive profit of $36 million in just one week and remains profitable at approximately 80%, according to data from Hypurrscan’s block explorer.