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A certain BTC long whale is less than 0.25% away from liquidation, and a liquidation trigger could trigger an $8.8 million sell order.
BlockBeats News, May 7th, according to Hyperinsight monitoring, a high-leverage BTC long whale on Hyperliquid is approaching liquidation. The position was opened with 35x leverage yesterday evening, with a liquidation line at $80,650, less than $200 from the current price, with a trigger distance of only about 0.25%.
If the price falls back to reach this liquidation zone, it is expected that 109.7 BTC (approximately $8.8 million) will be liquidated on-chain, releasing in conjunction with sell orders of the same scale. Currently, this position has an unrealized loss of 50%.
Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23