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. A massive bitcoin long position on Hyperliquid is teetering dangerously close to liquidation, with its owner controlling 1,205.30865 BTC worth approximately $97.87 million. The position carries 40x isolated leverage, leaving precious little room for another market stumble.

Source: Bitcoin.com News