An investor on the decentralized exchange Hyperliquid made a massive $1 billion bet on Bitcoin, facing a $32 million drawdown as the price fluctuated significantly. This trader, identified by a wallet starting with '0x507', experienced extreme volatility with Bitcoin hitting an all-time high above $109,500 before retreating. They had to adjust their liquidation price to approximately $103,800. The bet involved a 40x leveraged long position, and despite a moment of a $17 million gain, the investor ended up with a potential loss of $15.6 million within a short span. The user has previously engaged with Hyperliquid, conducting numerous trades and accumulating substantial earnings from various meme coins. HypurrScan data revealed the investor has a total profit of around $59 million despite recent trading challenges.

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