BTC Whale Faces Potential Liquidation on Hyperliquid Platform
On May 19, Hyperinsight reported that a significant BTC holder on the Hyperliquid platform is nearing liquidation. According to BlockBeats On-chain Detection, the address 0x50b has a liquidation price set at $74,214, approximately $25 million away from the current price, representing a 3.31% difference. This whale leveraged 20 times to go long on 881.6 BTC one day ago, with an average price of $77,934. The position is currently experiencing a floating loss of $1.06 million, marking a 37% decline. This address has become the largest BTC long position on the platform.
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