A new address on Hyperliquid opened a 7x leveraged long position worth $10.27 million in Bitcoin during early morning trading, betting on a price rebound. The trader entered the market with 121.23 BTC at an average entry price of $84,918.90. The position currently shows an unrealized loss of approximately $20,000. This marks the first recorded trade for this specific wallet address on the Hyperliquid platform.