According to Lookonchain, address 0x8d0E deposited 10M USDC to Hyperliquid and opened a 20x long on 200.93 BTC with $18.9M notional. According to Lookonchain’s figures, the $18.9M notional over 200.93 BTC implies an average entry near $94,100 per BTC, providing a clear reference level for monitoring the position. According to Lookonchain, this address has previously lost $7.1M trading on Hyperliquid.