High-Stakes Gamble: Trader Opens $6.05 Million Bitcoin Long with 40x Leverage, Liquidation Price Looms
On-chain data reveals an anonymous trader opened a massive Bitcoin long position worth approximately $6.05 million (96.25 BTC) using 40x leverage on Hyperliquid. With the liquidation price set near $59,147, just below the entry of ~$62,901, the position faces extreme risk from minor market fluctuations.
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