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AI summary of a third-party reportBearishNewsDesk

Hyperliquid trader's $98m Bitcoin long nears liquidation as price slips

A Hyperliquid account holding a 40x leveraged Bitcoin long worth about $97.9m is close to its estimated liquidation price after a week in which it lost nearly $9.8m.

Why it matters: The position shows how quickly a highly leveraged Bitcoin trade can approach forced liquidation, with the account's margin already exhausted.

InvestIn.News NewsDesk · 1 min read
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Picture from Bitcoin.com News for: Hyperliquid trader's $98m Bitcoin long nears liquidation as price slips
Image: Bitcoin.com News
Original reporting: Jamie Redman, Bitcoin.com News

Key points

  • The position covers 1,205.30865 BTC entered at an average price of $81,913.80, with an estimated liquidation price of $79,828.
  • Bitcoin traded near $81,117 on Bitstamp on 18 Oct, about 1.59% above that liquidation level.
  • The account's seven-day profit and loss fell to negative $9,779,348.87, with a 16.67% win rate across 3,763 trades.

A Bitcoin long on Hyperliquid worth about $97.9m is close to liquidation, Bitcoin.com News reports, after a week in which the account lost nearly $9.8m. The trader holds 1,205.30865 BTC with 40x isolated leverage, entered at an average price of $81,913.80.

The position's estimated liquidation price is $79,828. Bitcoin traded near $81,117 on Bitstamp at about 12:25 p.m. EDT on 18 Oct, leaving roughly $1,289, or 1.59%, between the price and that threshold. The trade already carries an unrealised loss of $866,467.24, a negative 30.4% return on equity.

The account holds about $2.91m in equity, with $2.85m committed as margin, an effective leverage of 34.33x and no available margin left. Funding costs have taken $86,952.49 from the position.

Bitcoin reached $82,170 earlier in the session before sellers pushed it to an intraday low of $80,888, and buyers have since tried to hold $81,000.

Read the full story on Bitcoin.com News

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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