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A trader who went long ETH and BTC with 50 times leverage is now just one step away from liquidation

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2025-03-02 14:41:26
According to on-chain analyst @ai_9684xtpa, a trader on the Hyperliquid platform used 6 million USDC principal to open a long position worth more than $200 million with 50 times leverage.
The position consists of 49,384 ETH (opening at $2,196 and clearing at $2,133.9) and 1,260 BTC (opening at $85,671 and clearing at $84,629).
The trader is currently losing $507,000, and if the market falls by 2.8%, a liquidation mechanism will be triggered.
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