Trader Bets $98M On Bitcoin With 40x Leverage

A trader engaged nearly 98 million dollars on a rise in bitcoin with a 40x leverage on Hyperliquid. At the time of the report published on October 18, a decrease of only 1.6% threatened to trigger the liquidation of this particularly risky position. The observed account controlled 1205.31 BTC through a perpetual contract . Its long position showed a notional value of 97.87 million dollars, with an average entry price of 81,913.80 dollars. The trader was therefore betting on a rise of bitcoin above this threshold. The use of a 40x leverage explains the gap between the size of the bet and the capital actually mobilized.

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