A whale trader holding a $49 million Bitcoin short position on Hyperliquid is nearing liquidation as BTC climbed back above $65,000, according to monitoring data shared by EmberCN on July 15. The position is now less than $900 away from its liquidation threshold.
EmberCN said the trader opened the short at the end of June, selling 750 BTC at an average entry price of $59,941. With Bitcoin rebounding, the position is now showing an unrealized loss of about $4 million. The liquidation price was listed at $66,153.
The update highlights how quickly large leveraged positions can come under pressure when Bitcoin moves sharply against a trader’s entry, especially as price pushes toward a clearly defined liquidation level on perpetual trading venues such as Hyperliquid.
A whale trader’s $49 million Bitcoin short position on Hyperliquid is close to liquidation after BTC rebounded above $65,000, according to EmberCN on July 15.
The position is now less than $900 away from its liquidation price. EmberCN said the trader opened the short at the end of June, selling 750 BTC at an average price of $59,941. The position is currently showing an unrealized loss of about $4 million, with liquidation set at $66,153.
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