A Bitcoin long position worth $97.87 million faces liquidation, with 40x leverage on Hyperliquid

Odaily — A trader holds a long position of 1,205.30865 BTC on the decentralized perpetual contract trading platform Hyperliquid, with a notional value of approximately $97.87 million, using 40x isolated leverage. The position's average entry price is $81,913.80, with an estimated liquidation price of $79,828.

As of 12:25 on October 18, Bitcoin was trading at $81,117 on Bitstamp, 1.59% above the position's liquidation price. The position has an unrealized loss of approximately $866,500, funding fee expenses of approximately $87,000, and available margin has dropped to zero.

The account has accumulated losses of approximately $9.7793 million over the past 7 days, with a maximum drawdown of 78.77%. It has recorded a total of 3,763 trades with a win rate of 16.67%. Currently, 100% of its exposure is in Bitcoin longs, with no short positions held. (Bitcoin.com News)