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.
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