Hyperliquid BTC short position near liquidation, worth $7.8M

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$83,389.300.28%
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According to MetaEra, a large BTC short position worth $7.8 million on Hyperliquid is nearing liquidation. The position, associated with the address 0x706d…1d6f, was opened with 40x leverage at an average price of $83,517.20. The liquidation price is set at $84,530.50, meaning only a 0.8% increase in BTC’s price could trigger it. This position is highly leveraged and at significant risk.
ME AI message, according to TradingBeats monitoring, the whale address 0x706d…1d6f on Hyperliquid holds 94 BTC short positions, with a position value of approximately $7.88 million. This position uses 40x full-margin leverage, with an average entry price of about $83,517.20, and currently carries a floating loss of around $31,000. Previously, this address gradually built up long positions in BTC, with the position size peaking at approximately $6.6 million, before systematically reducing its long exposure near $82,700 and switching to a short position. After transitioning to shorts, the address continued adding to its short position in the $83,300–$83,600 range, pushing the short size to its current level within the last half-hour. The liquidation price for this position is approximately $84,530.50. Based on the BTC mark price of $83,845.50 in the above snapshot, if BTC rises by approximately 0.8%, the position will reach its liquidation price. (Source: BlockBeats)
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