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Open a 20x long position for 500 BTC on Hyperliquid with a newly created wallet.

Source: x.com
According to Lookonchain monitoring, a user created a new wallet address, 0xcfe2, and deposited 11.9 million USDC into Hyperliquid, then opened a 500 BTC long position with 20x leverage, with a position value of approximately $39.44 million and a liquidation price of $55,570.76.

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