Data: A trader who went long on ETH and BTC with 50x leverage is close to the liquidation price, currently facing a floating loss of $507,000
ChainCatcher news, according to on-chain analyst @ai_9684xtpa, a trader has opened a long position worth over 200 million dollars on the Hyperliquid platform using a principal of 6 million USDC with 50x leverage.
The position includes 49,384 ETH (opening price 2,196 USD, liquidation price 2,133.9 USD) and 1,260 BTC (opening price 85,671 USD, liquidation price 84,629 USD).
Currently, the trader is facing a floating loss of 507,000 USD, and if the market drops by 2.8%, it will trigger the liquidation mechanism.
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