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📰 【A major Bitcoin whale holds a $8.8 million long position through a margin call to liquidation, just 0.06% away from liquidation before that】
BlockBeats news, on May 7th, according to Hyperinsight monitoring, during last night’s continuous pullback from the high point of BTC, Hyperliquid’s 0xc6c whale chose to go against the trend, taking a 35x leveraged long position on 109.7 BTC, totaling $8.8 million, with an average price of $82k, and a liquidation line at $80,650. This morning, BTC continued to decline, and the current price once hovered near the liquidation line, with a gap of less than $50 (about 0.06%). The whale may have already lost most of its funds on paper and is now risking a margin call for the first time. Later in the afternoon, BTC rebounded to around $81,680, ...
Leverage at 35x on an average price of $82k. This guy isn’t trading; he’s rolling the dice with his life.
A 0.06% gap from the liquidation line is just a breath away; such a position doesn’t even set a stop-loss—either a pure gambler or confident that the system won’t cut the internet connection. $BTC ’s liquidity trap loves these tough guys; a breach of the liquidation line can be triggered by just a 5-minute bearish candle.
Losing on paper and holding on stubbornly, only a lucky rebound to $81.6k counts. The only lesson to learn from this move: don’t bet your life on a rebound.
👇👇👇👇👇