Add as a preferred source on Google40x Bitcoin Short Nears Liquidation at $7.88 Million on Hyperliquid
The 94-BTC position faced liquidation if Bitcoin rose about 0.8% from the snapshot mark price.
A 40x cross-margin Bitcoin (BTC) short position valued at about $7.88 million was nearing liquidation on Hyperliquid, with the trader facing a loss of about $31,000.
The position covered 94 BTC at an average entry price of $83,517.20. Its liquidation price was approximately $84,530.50.
Based on the snapshot’s Bitcoin mark price of $83,845.50, Bitcoin would need to rise about 0.8% from that mark price to reach liquidation.
The position holder had previously built Bitcoin long exposure worth as much as $6.6 million. The holder reduced the longs near $82,700, switched to a short position and added between $83,300 and $83,600, reaching the current size within about 30 minutes.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.