Bitcoin (BTC) 20x Short on Hyperliquid Causes ~$1.8M Unrealized Loss, Liquidation Price Around $104,230

According to COINOTAG News on November 8, The Data Nerd monitoring shows that a newly created wallet, 0x7b7, opened a 20x BTC short position on Hyperliquid with an entry near $101,653. The move underscores the continued use of high leverage in crypto markets and how traders target BTC during volatile periods. The wallet’s identity remains undisclosed, but the activity highlights capital deployment toward directional bets on Bitcoin on platforms that offer intensified margin access.

As of now, the position carries an unrealized loss of about $1.8 million with a liquidation price near $104,230. At 20x leverage, modest price moves can magnify losses quickly, underscoring the need for strict risk controls, margin monitoring, and disciplined exit strategies for leveraged crypto trades. This data point serves as a cautionary example for market participants considering aggressive BTC bets on centralized platforms.

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