A cryptocurrency whale incurred significant losses in a long trading battle, according to onchain data. The whale opened a long position on Bitcoin via the wallet Hyberliquid, but with the decline in the market, experienced losses exceeding $6.75 million. Additionally, funding fees totaling $632,000 were paid for the position, which remained open for 16 days. The whale had used a risky leverage level of 50x and managed to avoid liquidation by adding funds, but ultimately closed the position to prevent further losses. Bitcoin's current value is approximately $91,800, having decreased by around 2% in the last 24 hours.



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