Hyperliquid Whale: “A 40x Long Bitcoin Position Isn’t Gambling... The Dollar Is Sinking”
Summary
- Hyperliquid whale James Wan emphasized that his 40x leverage Bitcoin (long) position is not gambling.
- Wan stated, “The dollar is collapsing in real time,” and explained that he aims to secure Bitcoin, which is deflationary, instead of inflationary fiat currencies.
- Currently, he holds a long Bitcoin position worth $127 million, with the liquidation price estimated at $104,710.
James Wan, known as a whale on the decentralized derivatives exchange (DEX) Hyperliquid (HYPE), emphasized that his investment approach is not gambling.
On the 4th (local time), James Wan stated on X (formerly Twitter), “People say my investment method is gambling,” adding, “Through 40x leverage, I am trying to convert inflationary fiat currency into real money that is deflationary.”
He continued, “The dollar is collapsing in real time,” and said, “I am trying to secure as much Bitcoin (BTC) as possible so that I do not sink with a sinking ship.” He then added, “What are you all doing?”
Currently, James Wan is reported to be holding a 40x long Bitcoin position worth $127 million. The liquidation price is estimated at $104,710.
As of 3:16 PM, based on the Binance USDT market, Bitcoin is trading at $105,260, down 0.12% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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