A whale on Hyperliquid placed a stop-loss order at $77,000 after going long on Bitcoin with 5 million USDC.

CoinFeed reported on May 5th that, according to on-chain analyst Yu Jin, a whale (a large investor) used 5 million USDC to open a 5x long position in BTC worth $25 million on Hyperliquid in the past half hour. He opened the long position at $81,231 and planned to concede if it failed, with a 25% loss (BTC dropping 5%): he placed a market stop-loss order at $77,000.