An address with cumulative profits of $821,600 opened a $11.39 million long position in $BTC on Hyperliquid on November 8, using 7x leverage. The entry price was $75,880, and the liquidation price was $62,047.
The liquidation price is far below the entry price. Being able to leave that much room with 7x leverage suggests the trader is prepared to ride out losses. This address has made $755,400 over the past 30 days and is still in profit through the latest pullback. It has now taken the opposite side, betting that the price won’t fall to $62,047.
But a single position from one address doesn’t represent the market. Positions of this size on Hyperliquid can be opened and closed quickly, and this may simply be one hedging leg of a broader strategy. To get a real sense of the direction, we’ll need to see whether the address adds to its position.
#比特币 #Hyperliquid #onchaindata
The liquidation price is far below the entry price. Being able to leave that much room with 7x leverage suggests the trader is prepared to ride out losses. This address has made $755,400 over the past 30 days and is still in profit through the latest pullback. It has now taken the opposite side, betting that the price won’t fall to $62,047.
But a single position from one address doesn’t represent the market. Positions of this size on Hyperliquid can be opened and closed quickly, and this may simply be one hedging leg of a broader strategy. To get a real sense of the direction, we’ll need to see whether the address adds to its position.
#比特币 #Hyperliquid #onchaindata