"The trader, identified by wallet address 0x128e, deposited 499,900 USDC into Hyperliquid and opened a 40x leveraged short on 250 BTC, building a notional exposure of $20.32 million."
"The liquidation price sits at $82,236, and with bitcoin trading around $81,000 at the time of writing, the position is operating within an extremely thin margin, with a move of roughly 1.5% upward being enough to trigger a forced closure and wipe out the entire collateral."
"Hyperliquid is a decentralized exchange (DEX) built on its own layer-1 blockchain, purpose-built for perpetual futures trading, processing cumulative volume in the trillions as of 2026."
"Last year, a Hyperliquid trader's 40x BTC short neared $3.7 million in floating losses as bitcoin tested key resistance levels, indicating a pattern of high leverage BTC shorts on the platform."
A trader deposited 499,900 USDC into Hyperliquid and opened a 40x leveraged short on 250 BTC, amounting to $20.32 million. The liquidation price is set at $82,236, just above bitcoin's trading level of around $81,000. This position is at risk, as a small upward movement in bitcoin could trigger liquidation. Hyperliquid has become a leading platform for high-leverage trading, processing trillions in volume and allowing traders to operate without identity verification, following a trend of significant leveraged bets.
Read at news.bitcoin.com
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