Hyperliquid Trader Keeps $16.16 Million Bitcoin Long After $972,700 Loss

A $16.16 million Bitcoin (BTC) long remained open on Hyperliquid after the trader lost $972,700 across four liquidations in 33 minutes, leaving the position near its liquidation threshold.

The open position used 40x leverage and had a liquidation price of $71,119. That level was about 1.07% from BTC’s market price at the time, and the position showed an unrealized loss of roughly $609,500.

The trader’s cumulative trading losses stood at $1.01 million. The $972,700 total covers the four completed liquidations, while the $609,500 unrealized loss remained tied to the position still open.

Liquidation occurs when a trading venue closes a leveraged position because the trader can no longer meet its margin requirements. Four closures had occurred, but the account retained a Bitcoin long with a liquidation price close to BTC’s market price at the time. This separates losses from completed closures from the unrealized loss on the position that remained open.