$97.87 million Bitcoin multiple orders on Hyperliquid face liquidation risk

A trader holds multiple orders of 1205.31 bitcoins on Hyperliquid, with a nominal value of approximately $97.87 million, using a 40x position by position leverage. The average opening price of this position is $81914, and the estimated liquidation price is $79828. As of 20:25 on October 18th (UTC+8), Bitcoin was reported at $81117 on Bitcoin, 1.59% higher than the clearing price. The unrealized loss of this position is approximately $866500, with funding expenses of approximately $87000, and available margin has been reduced to zero. The account has accumulated a loss of approximately 9.7793 million US dollars in the past 7 days, with a maximum drawdown of 78.77%. A total of 3763 transactions have been recorded, with a win rate of 16.67%. The current 100% exposure is to Bitcoin long orders. (Source: Bitcoin.com News)