AmberCN Says Anonymous Whale's $30.4 Million 40x Bitcoin Long Nears Liquidation
Summary
- An anonymous whale investor built a 40x long position in Bitcoin (BTC) worth about $30.4 million, and the trade is nearing forced liquidation.
- The position's average entry price was $73,345.7, while its liquidation price was about $72,434.33, leaving it at risk of forced liquidation if Bitcoin falls by roughly another $600.
- The market is focused on rising short-term price volatility as high-leverage positions increase, along with the possibility of cascading selling pressure if large liquidations occur.
Forecast Trend Report by Period
An anonymous whale investor's highly leveraged Bitcoin long position is nearing forced liquidation, according to on-chain analyst AmberCN. The market is also watching for bigger price swings as high-leverage positions increase.
On May 28, AmberCN wrote on X, formerly Twitter, that an anonymous address on Hyperliquid was facing liquidation risk on a large Bitcoin long position.
The wallet begins with "0x0df2." The investor built a 40x Bitcoin long at an average entry price of $73,345.7, bringing the total position to about $30.4 million.
The position's liquidation price is about $72,434.33. If Bitcoin falls by roughly another $600, the trade could be forcibly liquidated.
In the crypto derivatives market, expanding high-leverage trading has fueled short-term price volatility. Large liquidations could also trigger cascading selling pressure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
