A certain BTC whale long position was less than 0.25% away from liquidation, with the liquidation trigger causing an $8.8 million sell-off.

BlockBeats News, May 7th, according to Hyperinsight monitoring, an ultra-high-leverage BTC long whale on Hyperliquid is close to liquidation. The position, leveraged at 35 times, was opened yesterday evening, with a liquidation price of $80,650, less than $200 away from the current price, triggering at a distance of approximately 0.25%.

If the price falls and reaches this liquidation range, it is expected that 109.7 BTC (about $8.8 million) will be liquidated on-chain, in addition to a concentrated release of sell orders of the same magnitude. Currently, the unrealized loss of this position has reached 50%.

Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23