A $98 Million Bitcoin Long Bet on Hyperliquid Hangs by a Thin Thread
A bitcoin trader is staring down a potential $98 million liquidation after a punishing week wiped nearly $9.8 million from a Hyperliquid account. With 40x leverage and bitcoin’s price slipping toward $81,000, another sharp decline could finish the job. Hyperliquid Trader Risks $98 Million Bitcoin Liquidation A massive bitcoin long position on Hyperliquid is teetering […]
A trader on the Hyperliquid perpetuals exchange holds a 40x leveraged bitcoin long that is close to a $98 million liquidation after the account lost nearly $9.8 million in a punishing week. Bitcoin's price has slipped toward $81,000, and another sharp decline could trigger the full liquidation. Traders care because a forced unwind of this size could add selling pressure on BTC and signals elevated leverage risk in the market.
