Hyperliquid: Wallet Opens 40x BTC Long at $6.22M

Hyperliquid sees a fresh wallet deposit $153K to open a 40x long on 97.92 BTC worth $6.22M, setting liquidation at $62,825.

Bitcoin 40x leveraged long liquidations often amplify moves near key levels, and this position sits just above the lower Bollinger Band support at $62,975.96 while price holds at $63,799.63 inside the bands. With EMA50 at $64,178.01 acting as resistance and MACD showing a bearish death cross at -240.29, any failure to reclaim that average could trigger rapid downside toward the $62,825 liquidation zone.