BTC longs on Hyperliquid are sitting on $130 million in unrealized losses; a drop to $65,000 could trigger $228 million in liquidations
BlockBeats News, November 13: According to monitoring by TradingBeats, approximately 24,920 wallets currently hold BTC long positions totaling $BTC on Hyperliquid. Open long positions amount to $1.32 billion, accounting for 67% of total BTC open interest. The average entry price for longs is $75,565, about 9.2% above the current price of $68,588, leaving them with total unrealized losses of approximately $130 million. Among these positions, 95% are underwater, and around 40% were opened above $76,000.
Regarding liquidation risk, the average liquidation price for these longs is $52,128. However, if BTC falls to $65,000, approximately $228 million worth of long positions are expected to face liquidation. If it drops to $60,000 or $55,000, the potential liquidation amounts would rise to $427 million and $647 million, respectively.
Over the past 24 hours, approximately $258 million worth of BTC long positions have already been liquidated on Hyperliquid. $ETH $ZEC
BlockBeats News, November 13: According to monitoring by TradingBeats, approximately 24,920 wallets currently hold BTC long positions totaling $BTC on Hyperliquid. Open long positions amount to $1.32 billion, accounting for 67% of total BTC open interest. The average entry price for longs is $75,565, about 9.2% above the current price of $68,588, leaving them with total unrealized losses of approximately $130 million. Among these positions, 95% are underwater, and around 40% were opened above $76,000.
Regarding liquidation risk, the average liquidation price for these longs is $52,128. However, if BTC falls to $65,000, approximately $228 million worth of long positions are expected to face liquidation. If it drops to $60,000 or $55,000, the potential liquidation amounts would rise to $427 million and $647 million, respectively.
Over the past 24 hours, approximately $258 million worth of BTC long positions have already been liquidated on Hyperliquid. $ETH $ZEC
