A trader on Hyperliquid opened a massive 40x leveraged long position of 911.55 BTC worth about $70 million at an average price of $77,733. The liquidation price is $76,308.60, and Bitcoin's current price near $77,150 leaves less than 1% room before the position is wiped out. This high leverage means a small 2.5% price drop could erase the trader's $1.75 million collateral. The trader has a strong recent track record with a 92.5% win rate on 80 Bitcoin trades, but upcoming macroeconomic events like CPI data and Federal Reserve decisions could cause volatile price swings that threaten the position. The trader could add margin to avoid liquidation or close the position early to limit losses.
Bitcoin's price hovered around $82,690 on Thursday morning, fluctuating between an overnight low of $82,567 and a high of $84,808, showing a narrow trading range. Despite a 2.64% drop in total crypto market capitalization, Bitcoin remained stable, ca...
Recent rebounds in Bitcoin, XRP, and Cardano have coincided with increased on-chain activity, including more tokens moving to exchanges for Bitcoin, higher transaction volumes for XRP, and a rise in large-value transactions for Cardano. However, thes...
Bitcoin surged above $84,000 on October 21, coinciding with $188.14 million in short liquidations across the crypto market within 24 hours. Total liquidations reached $243.04 million, with short positions making up 77.4% of the total. Bitcoin alone a...
Bitway (BTW) cryptocurrency experienced a sharp decline of 25.09%, dropping to $1.43, marking the largest loss among 90 major cryptocurrencies on October 21. This follows a previous session where Bitway also led losses. Meanwhile, other cryptocurrenc...
Bitcoin experienced significant short position liquidations totaling $35.49 million during a one-hour period ending at 11:15 a.m. ET on October 21, coinciding with a 0.92% price increase from $83,886 to $84,654. Total liquidations, including $70,000 ...
