Hyperliquid: Trader Holds $70.6M BTC 40x Long

Hyperliquid trader 0x7c4...8e00b opened a 40x long on 1100 BTC worth $70.6 million at $64,509 this morning, now sitting on a $383,000 floating loss as the platform's second-largest BTC position.

Price action at $64047.43 tests the bearish structure below EMA50 support of $64178.35 while the MACD golden cross at 59.75 hints at building momentum against the EMA200 resistance of $68371.06. With RSI(14) neutral at 49.15 and price inside the Bollinger bands, the leveraged long faces immediate upper-band resistance at $64868.46 before any sustained push higher. This setup shapes fresh BTC price prediction models for leveraged desks watching potential crypto market crash triggers and limited AI industry impact on flows.