Whale Deposits USDC and Opens Leveraged Bitcoin Position

On May 5, a whale address deposited approximately 5 million USDC into HyperLiquid, according to BlockBeats On-chain Detection. The address then opened a Bitcoin long position with 5x leverage. Currently, the address holds a total of 629.16 BTC long positions across two wallets. The position's scale is estimated to be around $51 million at the current price.