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    1. coinfeeds-bot on

      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.

    2. SevereArrivals13 on

      Probably a good bet to be fair

      Even a small dip will bring him major gains

    3. „…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.

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