A Bitcoin long position worth 97.87 million USD is facing liquidation, with Hyperliquid leverage reaching 40 times

A trader holds 1205.30865 Bitcoin long positions on the decentralized perpetual contract trading platform Hyperliquid, with a nominal value of approximately 97.87 million USD, using 40x isolated leverage. The average opening price of this position is 81913.8 USD, and the estimated liquidation price is 79828 USD.

As of the Bitstamp quote of 81117 USD, this price is 1.59% higher than the liquidation price of the position. The unrealized loss for this position is approximately 866.5 thousand USD, with funding fee expenses of about 87 thousand USD, and the available margin has dropped to zero. The account has accumulated a loss of approximately 9.7793 million USD over the past 7 days, with a maximum drawdown of 78.77%. It has recorded a total of 3763 trades, with a win rate of 16.67%, and currently holds a 100% exposure in Bitcoin long positions, with no short positions.