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🔥 Tens of millions of dollars worth of BTC short squeeze pressure: liquidation price at $80.9k
Hyperinsight monitoring shows that among the tens of millions of dollars worth of BTC short positions on the Hyperliquid platform, the address closest to forced liquidation is a whale starting with 0xbac, with a liquidation price at $80,929. This whale opened a BTC short position at 40x leverage last night at 10 PM, just before this round of rally started, in the opposite direction of the market trend. Currently, this position holds 175 BTC, approximately $13.8 million, with an average entry price of $77,915, and an unrealized loss of 54%. In the past half hour, this whale has placed a market buy order, planning to buy BTC if it drops back to $78,120…
#btc # hype