tldr; A top trader on Hyperliquid, a decentralized perpetual futures exchange, has opened a $59.1M short position on Bitcoin at an average price of $123,724. The position is highly leveraged, with liquidation set at $243,819, implying over 100x leverage. Hyperliquid offers sub-second transaction finality, low fees, and on-chain transparency, enabling real-time monitoring of large positions. The trader’s bearish bet reflects expectations of Bitcoin price correction amid its high volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Next_Statement6145 on
he’s asking to get liquidated
mfbridges on
Locking in gains without selling. Pretty normal.
Sudden-Ad-1217 on
Intel trader found…..
SevereArrivals13 on
Probably a good bet to be fair
Even a small dip will bring him major gains
komokazi on
„…average price of $123,724. The position is highly leveraged, with liquidation set at $243,819, implying over 100x leverage.“
That simply can’t be. At 100x leverage, the liquidation price would be much much lower.
Bradley182 on
Dudes rich AF right now.
BrowsingCoins on
Thank you for your liquidation
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tldr; A top trader on Hyperliquid, a decentralized perpetual futures exchange, has opened a $59.1M short position on Bitcoin at an average price of $123,724. The position is highly leveraged, with liquidation set at $243,819, implying over 100x leverage. Hyperliquid offers sub-second transaction finality, low fees, and on-chain transparency, enabling real-time monitoring of large positions. The trader’s bearish bet reflects expectations of Bitcoin price correction amid its high volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
he’s asking to get liquidated
Locking in gains without selling. Pretty normal.
Intel trader found…..
Probably a good bet to be fair
Even a small dip will bring him major gains
„…average price of $123,724. The position is highly leveraged, with liquidation set at $243,819, implying over 100x leverage.“
That simply can’t be. At 100x leverage, the liquidation price would be much much lower.
Dudes rich AF right now.
Thank you for your liquidation