「Recent Whale Liquidation Line」 If BTC continues to fall below $58,000, a whale's $16.3 million long position will be liquidated.

BlockBeats News, June 29th, according to Hyperinsight monitoring, Hyperliquid data shows that the address 0x9311 on Hyperliquid has taken a highly leveraged long position on Bitcoin. It is currently 40x leveraged short with about 272.7 BTC, with a notional value of approximately $16.3 million, at an average price of around $60,519 per BTC. The liquidation price is set at $57,640. With BTC currently trading at $59,720, this long position is experiencing an unrealized loss of about $210,000 (-50%).

Currently, the liquidation price of this whale is only about 3.5% away from the current price (approximately $2,085), making it the address closest to liquidation among whales with tens of millions of dollars in BTC on Hyperliquid. If Bitcoin drops another 3.5% from the current price and falls below $57,640 (i.e., below $58,000), this $16.3 million long position will trigger a forced liquidation.

In recent transaction records, facing Bitcoin's continuous decline, this address has been averaging down its position while adding to its losing position. The most recent position averaging down occurred on June 29th, opening a long position at $59,347. Accumulating gradually, the position has been traded in thousands of transactions since June 24th.

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