Whale's $8.8M Bitcoin Long Liquidated on Hyperliquid After Overnight Leveraged Bet With 35x Margin

According to Hyperinsight monitoring, a whale on Hyperliquid accumulated a 109.7 BTC long position overnight with 35x leverage, totaling $8.8 million at an average price of $82,000. The liquidation price was set at $80,650.

Early today, Bitcoin's decline pushed the price within $50 of the liquidation line (0.06% margin). The whale rejected closing the position despite facing significant losses. After an afternoon rebound to $81,680, the account briefly recovered but the whale again held. The position was ultimately liquidated during a subsequent decline, with the whale manually exiting before the next liquidation cascade. The account balance fell below $100,000.