A certain BTC whale, <0.25% away from liquidation, triggered an $8.8 million sell-off.
BlockBeats News, May 7th, according to Hyperinsight monitoring, a high-leverage BTC long whale on Hyperliquid is close to liquidation. The position, opened at 35 times leverage yesterday evening, has a liquidation price of $80,650, less than $200 away from the current price, with a liquidation trigger distance of only about 0.25%.
If the price falls to touch this liquidation range, it is expected that approximately $8.8 million in on-chain liquidation will occur, coinciding with a concentrated release of sell orders of a similar scale. Currently, the position is already at a 50% unrealized loss.
Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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