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- 📣 #GT# Continues to Break New Highs!
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The Daily Double-Round Price Prediction is About to End. Learn more: https://www.gate.io/announcements/article/42097
- 📣 New Year, New Beginnings!
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More: https://www.gate.io/announcements/article/42226
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1️⃣ Follow Gate_Post
2️⃣ Post with #2025CryptoFlag# hashtag, share your 2025 crypto flag and reasons
3️⃣ Post must be at least 60 words and receive at least 3 likes
Post Examples:
🔹 Investment Goals: What are your crypto goals for 2025?
🔹 Trading Strategy: What strategies will you adopt in 2025?
🔹 Personal Growth: What new crypto knowledge or skills will you learn in 2025?
🔹 Community Sharing: How will you boost your influence on Ga
- 🚀 Gate.io Gold Rush: New Year Carnival
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➡️ The new year begins, and luck is within reach!
Detail: https://www.gate.io/announcements/article/42263
The Name Who Opened 50x Leveraged Position in Bitcoin, Hit by 6.75 Million Dollar Blow - Coin Bulletin
The recent declines in the cryptocurrency market have also had a significant impact on major investors, i.e., whales.
According to data shared by Lookonchain, a whale with a long position with 50X leverage in Bitcoin on the Hyperliquid platform has incurred a loss of $6.75 million so far. This whale has been waiting without closing its position for 16 days and has had to pay a total of $632,000 in funding fees during this period.
Risk of leveraged positions
The total value of the whale's position is calculated to be 64.42 million dollars, with an entry price of 101,662.9 dollars. However, with the price of Bitcoin falling to 92,012 dollars, the loss in the position has grown. Despite these significant losses, it is noteworthy that the whale has not closed their position, and the liquidation level of the position is stated to be 67,563.06 dollars. Another significant drop in the price of Bitcoin could lead to the complete liquidation of the whale's position.
This event once again highlights how risky transactions with high leverage are in the cryptocurrency markets.