Bitcoin Trader's $70M Position on Thin Ice with 2.5% Price Drop Threat

A trader on Hyperliquid has taken out a massive long position of 911.55 BTC worth approximately $70 million at an average price of $77,733.

The trade is leveraged to 40x and the liquidation price is $76,308.60, leaving less than 1% room for error before the position is wiped out.

The current price of Bitcoin nears this threshold at $77,150, which means a small 2.5% price drop could erase the trader's $1.75 million collateral.

This high leverage means the trader must tread carefully as upcoming macroeconomic events like CPI data and Federal Reserve decisions could cause volatile price swings that threaten the position.