✉news BusinessCrypto first seen 19 h ago, last 15 h ago, peak #29
$98 Million Bitcoin Long Position on Hyperliquid Nears Liquidation
Original: A $98 Million Bitcoin Long Bet on Hyperliquid Hangs by a Thin Thread
A trader's $98 million leveraged long position on Bitcoin, opened on the crypto exchange Hyperliquid, is at risk of liquidation as the position hangs by a thin thread. The bet has drawn attention across crypto trading circles, where large liquidation events on decentralized perpetuals platforms frequently become talking points and can add selling pressure to Bitcoin's price.
Why now: Traders are watching whether the massive position gets liquidated, which could move Bitcoin's price and trigger cascade effects.
Rank over time, top of the chart is #1. 4 snapshots from 19 h ago to 15 h ago.
Evidence
- A $98 Million Bitcoin Long Bet on Hyperliquid Hangs by a Thin Thread · Cryptonews.net
API: https://socialmediatrends-api.osmike.com/v1/trends/2785777