Bitcoin Whale Risks Losing $70 Million with $1% Margin

A Bitcoin whale on Hyperliquid has taken a significant long position of 911.55 BTC, approximately $70 million, at an average price of $77,733 per BTC.

The trader is using 40x leverage, which means their exposure to potential losses is substantial.

The liquidation price for this position is set at $76,308.60, and Bitcoin's current price is around $77,150, leaving the whale with less than a 1% buffer before facing forced liquidation.

This situation highlights the volatility of the crypto market and raises concerns about potential cascade liquidations if Bitcoin falls below certain thresholds.