Bitcoin Traded $1,289 Above Estimated Liquidation Price on $97.87 Million Hyperliquid Long

In a snapshot at 12:25 a.m. ET (4:25 a.m. UTC) on Oct. 18, Bitcoin (BTC) was $1,289 above the estimated liquidation price for a 40-times leveraged Hyperliquid long, with available margin at zero. Hyperliquid is a decentralized perpetual futures platform. The account held 1,205.30865 BTC in an isolated long position with a notional value of about $97.87 million. The average entry was $81,913.80, and leverage was 40x. Bitcoin was quoted at $81,117 in the snapshot, $1,289 above the $79,828 estimated liquidation price. That gap was 1.61% of the liquidation price. The snapshot price was $796.80 below the position’s average entry. The position showed an unrealized loss of about $866,500 and had paid approximately $87,000 in funding.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.