Trader Opens $42.9M Ethereum Long Position with 20x Leverage on Hyperliquid

A cryptocurrency trader deposited $2.43 million USDC into Hyperliquid and opened a 20x leveraged long position on 13,976 ETH, creating $42.9 million in total exposure, according to on-chain data. The position faces liquidation at $3,311.7, with ETH currently trading around $3,429. This provides only a 3.4% margin before automatic liquidation would occur.