40x Leverage Betting on BTC Rebound: Whale Opens Another $20.56 Million Long Position, Liquidation Price Just 2.2% Away from Current Price

BlockBeats news, October 13th, according to TradingBeats monitoring, the Hyperliquid whale address 0x8eff…bd5e today bought BTC worth $7.31 million at a price of approximately $81,532, then increased its long position to about $20.56 million, using 40x leverage, with an average holding price of about $82,750, currently facing an unrealized loss of about $100,000, and an estimated liquidation price of about $80,404.

This address previously suffered a forced liquidation of $61.11 million in BTC short positions during the short squeeze on August 19, and has now shifted to high-leverage long positions. As of press time, BTC is priced at about $82,229, approximately 2.2% away from its previously disclosed estimated liquidation price.