$98 Million Bitcoin Long on Hyperliquid Faces Liquidation Risk
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A bitcoin long position using 40x leverage on Hyperliquid faces potential liquidation as the price approaches $81,000, Bitcoin.com News reports.
A trader holding a $98 million bitcoin long position on Hyperliquid is at risk of liquidation following a sharp market decline, according to Bitcoin.com News.
The report said losses in the trader’s account reached nearly $9.8 million over the week. Bitcoin was moving toward $81,000, adding pressure to the leveraged bet on a price increase.
The position uses 40x leverage, amplifying its exposure to bitcoin’s price movements. A further steep drop could trigger liquidation, though the supplied report did not specify the exact liquidation price.
Source: Bitcoin.com News
