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. The trader entered at an average bitcoin price of $81,913.80, but bitcoin’s retreat has already inflicted an unrealized loss of $866,467.24, translating into a negative 30.4% return on equity (ROE). Worse still, the position’s estimated liquidation price sits at $79,828. The account holds approximately $2.91 million in equity, with $2.85 million committed as margin.

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