Bitcoin Whale’s 40x Leveraged Long on Hyperliquid Near Liquidation as BTC Weakens

A whale address on Hyperliquid is holding a heavily leveraged Bitcoin long position that is close to its liquidation level as BTC trades lower. According to BlockBeats On-chain Detection, Hyperinsight monitoring shows the address (0x9311) has a 40x leveraged BTC position of about 272.7 BTC, with an average entry price of about $60,519 and a liquidation price at $57,640. Bitcoin was last quoted at around $59,720, leaving the position with an unrealized loss of about $210,000, or roughly 50%. The liquidation threshold is estimated to be about 3.5% below the current price, making it the closest-to-liquidation address among Hyperliquid’s BTC whale positions of around the $10 million scale. If BTC falls another roughly 3.5% and drops below $57,640, the position would be forced to liquidate. Recent trading records indicate the address has continued adding to the position while Bitcoin weakened, aiming to lower its cost basis. The latest add-on occurred on June 29 at $59,347, with the position built up through more than 1,000 trades since June 24. The original report also included promotional information about a bot service, which has been omitted.