High-Leverage Bitcoin Positions Near Liquidation on Hyperliquid

A significant Bitcoin position on Hyperliquid is nearing liquidation, according to ChainCatcher. The position, held by a large-scale investor identified as 0xec3, involves a $10.04 million long position with 40x leverage. The average entry price is $74,628, with a liquidation price set at $72,776. This position was opened four days ago. In the past five hours, the investor has placed a market stop-loss order at $73,869, intending to partially stop-loss $2.37 million to adjust the liquidation price. Additionally, the closest large-scale short position to liquidation is held by "Strategy Counterparty," with a 40x leveraged short position at an average price of $76,290 and a liquidation price of $76,402. This position currently shows a floating profit of $700,000, which is 106% of the initial investment, with most of the profit already used for rolling positions today.