High-Leverage Bitcoin Position Nears Liquidation on Hyperliquid

A high-leverage Bitcoin position on Hyperliquid is nearing liquidation, according to ChainCatcher. The position, opened yesterday evening with 35x leverage, has a liquidation threshold at $80,650, which is less than $200 away from the current price, representing a trigger distance of approximately 0.25%. If the price falls to this liquidation range, it is expected to result in an on-chain liquidation of about $8.8 million, alongside the concentrated release of sell orders of the same scale. The position is currently experiencing a floating loss of 50%. The address associated with this position is 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23.