Bitcoin Whale Faces $99M Liquidation as Price Rebounds

BitcoinWorld Bitcoin Whale Faces $99M Liquidation as Price Rebounds An anonymous whale on the Hyperliquid exchange is on the verge of a forced liquidation after opening a heavily leveraged short position on Bitcoin, according to blockchain analysis firm Lookonchain.

The trader, identified by an address beginning with 0xff84, holds a 40x leveraged short position of 1,543 BTC, currently valued at approximately $98.97 million. As Bitcoin’s price rebounds, the position is now dangerously close to its liquidation threshold.

Position Details and Liquidation Risk The whale initially opened a 1,600 BTC short on August 5 at an entry price of $64,202.

As Bitcoin’s price rallied, the trader partially closed the position at a loss to reduce risk, bringing the current short to 1,543 BTC with an updated entry price of $63,999. The liquidation price is set at $64,225.35.