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An anonymous whale holding a high-leverage BTC long position worth about $53.33 million on Hyperliquid is facing liquidation risk, according to on-chain analytics firm Hupzy, formerly Spot On Chain.
The whale entered the position three weeks ago at an average price of $80,118, and unrealized losses widened to $2.97 million as BTC fell 4.3% today. Remaining margin stood at about $2.96 million, leaving the position at risk of forced liquidation if BTC falls further.