In the fierce competition of the crypto assets market, a well-known trader took bold action this evening. The trader expanded their Bitcoin long positions on the HyperLiquid trading platform to an astonishing $476 million, using 20 times leverage.

Currently, the opening price of this Position is $118,130, with the liquidation price set at $115,700. It is worth noting that as of the latest market, this trade has brought approximately $3.94 million in floating profit to the trader.

This move has attracted widespread attention in the market, not only showcasing the trader's strong confidence in the short-term trend of Bitcoin but also reflecting the risk appetite of certain participants in the current market. However, high leverage trading also comes with enormous risks, as market fluctuations can quickly change profit and loss situations.

As the price of Bitcoin continues to fluctuate near historical highs, market participants are closely monitoring the trends of such large-scale transactions and their potential impact on overall market sentiment. Regardless of the final outcome, this transaction will undoubtedly become an important observation point in the crypto assets market in the short term.