HL Whale’s BTC position with 40x leverage amounts to $100 million

A Hyperliquid whale holds a $100M BTC long position with 40x leverage, currently up $260k with a liquidation price of $65,209.

The Hyperliquid whale holds a BTC position with 40x leverage, valued at $100 million. The entry price was $64,038.70, while the current marked price is $63,859.00, resulting in a profit of $260,000. Since the marked price is lower than the entry price, this long position is in a profitable state, with a liquidation price of $65,209.40. Recent news: The whale has transferred $8.1 million worth of BTC from the exchange; if BTC breaksdown below $60,638, it will trigger the liquidation of long positions worth $1.46 billion.