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.
7 Comments
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.