BTC price rises, causing Hyperliquid 50x traders to suffer a floating loss of 2 million, urgently replenishing margin
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According to monitoring by @EmberCN, the BTC price has risen by $1,500, causing a 50x trader on Hyperliquid (commonly known as an "insider") to lose $6 million in floating profits, and they are currently still floating a loss of $2 million. The trader's short BTC position is worth $380 million, with a cost price of $84,018 and a liquidation price of $85,501. There is $5 million in USDC in the account that can be used to supplement the margin at any time. Subsequently, the trader transferred $5 million in USDC to Hyperliquid, and the liquidation price was raised to $86,593. The position is now full and no more margin can be added.
BTC
3.24%
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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