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On Hyperliquid, one major trader has clearly gotten into trouble. A short position on BTC with 40x leverage — the position is literally burning. The loss has already grown to 125%, and this is on paper. The address starting with 0x7f9 opened a position overnight with 40.5 BTC (approximately $3 million), but several hours ago part of it was liquidated at $1.19 million. Now, the account holds a position worth about $1.82 million, with a daily loss exceeding $130,000. The most interesting part is that the liquidation price is only 0.5% above the current level. On Hyperliquid, this is one of the largest positions at risk right now. Any small increase in BTC will automatically close the position. Address: 0x7f92f504b03f52abc8243f7e7ef7a3444490bc23