According to Lookonchain, a new whale wallet '0x1f25' deposited $10 million USDC to Hyperliquid and opened a substantial 20x leveraged long position on Bitcoin, acquiring 511.5 BTC valued at $54.5 million. The position’s liquidation price is set at $88,141, signaling extremely high conviction in BTC’s upward trend. This aggressive leverage highlights significant bullish sentiment among deep-pocketed investors and could cause increased volatility or a potential short squeeze if BTC price surges. Traders should closely monitor Hyperliquid and on-chain flows for further whale activity and potential market reaction. Source: Lookonchain via Twitter, June 9, 2025.