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A certain BTC whale's $8.8 million long position held on stubbornly until liquidation, previously only 0.06% away from being wiped out.
BlockBeats news. May 7, according to Hyperinsight monitoring, last night during BTC’s continuous pullback from its high point, a giant whale on Hyperliquid at 0xc6c chose to step in against the trend, going long 109.7 BTC with 35x leverage. The position size reached 8.8 million USD, with an average entry price of 82,000 USD, and its liquidation level was at 80,650 USD.
This morning, in the early hours, BTC’s downtrend continued. At one point, the current price dipped close to the liquidation line, with a price gap of less than 50 USD (about 0.06%). The whale may have first abandoned liquidation because most of its funds were already lost on paper.
After that, in the afternoon, BTC rebounded to around 81,680 USD. The whale’s paper gains recovered significantly, and the unrealized loss narrowed. However, the whale again chose to stand by. Ultimately, within the past 10 minutes, BTC retreated downward for a second time, and the position was partially liquidated. It then manually cut losses and exited before the next round of liquidation, and the account balance is now less than 100,000 USD.
Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23