The $68 liquidation line is right around the corner. Is this 20x warrior gambling on a rebound or gambling on his life?

CoinWorld news, the DRAM index reflecting spot memory prices has pulled back from highs as Korean storage sell-offs spill over, dropping about 6% in 4 hours to currently $70.68. A whale (0x7b5) opened a long position on Hyperliquid with 20x leverage, holding a position size of $5.19 million, with a liquidation price at $68, only about $2.7 (approximately 3.8%) away from the current price. Among large position holders on the platform, the average on-chain long price is about $70.12, shorts about $68.35, with the nominal short position about 2.35 times that of longs, overall bearish. The largest short is the "storage chain short main force" 0x4e23, which is fully shorting the storage chain, holding a $14.29 million DRAM short position with 6x leverage, currently with floating profits reaching $1.47 million.