A rise in Bitcoin’s price to $96,100 would trigger the liquidation of a significant short position held by the largest short address on Hyperliquid. The short position in question amounts to 120 million. Liquidation occurs when the value of an asset reaches a level that triggers a margin call, forcing the position to be closed. This scenario highlights the potential volatility in cryptocurrency markets associated with significant short positions. Market participants closely monitor price levels and positions to gauge the risk of liquidation events.
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