A crypto trader known as Denim-Koi-pz4 has executed a significant $23.23 million long position on Bitcoin with 40x leverage on the Hyperliquid platform. The position, which represents 56.7% of their total account exposure, has already yielded an unrealized profit of $143,600, equating to a 24.8% return on equity. The liquidation price for this high-stakes trade is set at $43,000. Denim-Koi-pz4 is noted for previously covering substantial losses with $38 million in new deposits. This latest move appears well-timed, achieving six-figure gains within minutes. However, the aggressive leverage strategy underscores the high-risk nature of such trades.