Whale is in a $18.11M loss by long BTC on Hyperliquid

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Whale is in a $18.11M loss by long BTC on Hyperliquid

Related addresses

0x989b96317735d70a7762bf96c034b203713aae18

Hyperliquid trader 0x989, who opened a 50X short on BTC at $101,663 two months ago, is now in a $18.11M loss, including $2.21M from funding fees:

address: 0x989b96317735d70a7762bf96c034b203713aae18

Note that the liquidation price is $69,845.

The BTC price just dropped below $79,000, down by 23.45% over the past month. Will the price drop below $70,000 to liquidate this whale?

Fig 1. The current PnL of trader 0x989's long BTC position on Hyperliquid.

#btc

#bitcoin

#long

#loss

#massive

#price drop

#market crash

#hyperliquid

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