Whale Bets Big on COPPER with 4x Leverage, Position Worth Over $4.47 Million

According to the latest on-chain analysis, on January 29, a major investor completed a notable trade on the decentralized platform HyperLiquid. The address deposited $1.6 million in USDC and opened a leveraged position in COPPER with 4x leverage, making the total position value reach up to $4.47 million.

Breakdown of the Trade

The data shows that the average entry price for the position was $6.3595. If the price continues to fall to $4.3512, this leveraged position will face liquidation risks. Such high-leverage activity reflects the trader's strong conviction about COPPER's future price movement.

• Trade Date: January 29
• Fund Size: $1.6 million in USDC
• Leverage: 4x
• Position Value: $4.47 million