On-chain Twin Whales Short Bitcoin with 40x Leverage, Liquidation Price Less Than 1% from Entry

BlockBeats News, April 29, according to Hyperinsight monitoring, in the past 1 hour, after BTC rebounded above $77,000, two whales on the Hyperliquid platform simultaneously opened 40x leveraged short positions near that price, with a total size of approximately $9 million, at an average price of around $77,100.

Both addresses set their liquidation price at around $77,900, less than 1% away from the average entry price. If BTC rebounds to $78,000, a $9 million liquidation may occur on-chain.

Address: 0xd736d75130dfe60e0f93a8788cc0e0bbf0eb35e1

Address: 0x8fcc8f55d7a8cdaee770a9e4112725d4a2c60492