A certain trader has gone long on ETH and BTC with 50 times leverage, and is now only one step away from liquidation
According to on-chain analyst @ai_9684xtpa, a trader used 6 million USDC as principal on the Hyperliquid platform to open a long position worth over 200 million USD with 50 times leverage. This position includes 49,384 ETH (opening price of $2,196, liquidation price of $2,133.9) and 1,260 BTC (opening price of $85,671 , liquidation price of $84,629). The trader is currently at a floating loss of $507000; if the market falls by 2.8%, it will trigger the liquidation mechanism.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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