Crypto Market Faces a $70 Million Bitcoin Liquidation Threat

A Bitcoin whale has put the crypto market in an unusually tense spot. On Hyperliquid, the trader opened a 911.55 BTC long position worth roughly $70 million, using 40x leverage. With Bitcoin trading around $77,150, the position is sitting less than 1% above its liquidation price.The key number is $76,308.60.That is the level at which Hyperliquid would automatically close the position to prevent losses from growing further. For a position this large, even a relatively modest move lower could forc