Massive 40x BTC Short in Trouble with $3.7M Floating Loss on Hyperliquid
A high-stakes bitcoin short on Hyperliquid is facing mounting losses as BTC remains above $84,000.
The trader, who previously profited from a 40x leveraged short, re-entered the market with a $524 million position at an entry price of $83,898. With a liquidation level at $85,565, any further BTC rally could force the trade to close at a loss.
Currently, the trader’s position is down about $3.7 million, reflecting the risks of aggressive leverage in a volatile market. Despite holding $22 million in USDC on the platform and ranking 11th on the Hyperliquid leaderboard, the situation remains uncertain. If BTC dips below the entry price, the trader could regain control, but for now, the trade teeters on a knife’s edge.
Clever Robot News Desk 18th March 2025
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