Lookonchain
Wallet 0x049b — tracked on Hypurrscan for repeated high-leverage bets — has reopened 20x long positions on 17,410 $ETH ($40.07M notional) and 493.43 $BTC ($40.01M notional), per on-chain data. The combined $80M of leveraged exposure carries liquidation prices of $2,227.81 for $ETH and $78,009.69 for $BTC.
Why it matters
The wallet has already banked $7.83M in realized PnL from prior 20x long and short trades on $BTC and $ETH, per the tracker. The fresh positions land as a directional, leveraged bet on both majors moving higher in tandem — a simultaneous long on correlated assets, which magnifies exposure to a broad market drawdown and tightens the room between current price and forced liquidation.
Market impact
A 20x leverage stack on $80M of notional means a roughly 5% adverse move on either asset against the position would zero the trade. Other high-leverage wallets on Hyperliquid have been a recurring volatility vector this cycle: large forced liquidations cascade into the order book, and the same addresses reopening in size after a profitable run tend to draw copy-traders. Watch the $78K BTC and $2,227 ETH marks — the $BTC liquidation line in particular sits inside the recent range and is now a price magnet traders are likely to defend or test.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x049bdC370620bEaB340B01072FA580FD57745E7D#perps)
Frequently asked questions
-
Who is wallet 0x049b and what did they do?
On-chain tracker Hypurrscan flagged 0x049b opening 20x long positions on 17,410 $ETH ($40.07M) and 493.43 $BTC ($40.01M), with liquidation prices at $2,227.81 and $78,009.69 respectively.
-
How much has wallet 0x049b already made?
The same wallet has realized $7.83M in profit from prior 20x long and short trades on $BTC and $ETH, per the tracker.
-
What does a 20x long on $80M of notional mean for risk?
At 20x leverage, a roughly 5% adverse move on either $ETH or $BTC against the position would wipe it out and trigger a forced liquidation.
-
Why is this trade notable beyond the dollar size?
It is a simultaneous leveraged long on two highly correlated assets, which magnifies exposure to a broad market drawdown and tightens the buffer between current price and liquidation.
-
Where are the liquidation prices and why do they matter?
The $ETH liquidation is $2,227.81 and the $BTC liquidation is $78,009.69. The $BTC level in particular sits inside the recent range, making it a price magnet that other traders will defend or test.
CoinTelegraph
WuBlockchain
Crypto Capital Venture
TheBlock
WatcherGuru
CryptoSlate
Whale Alert
Crypto News
CoinDesk