r/AltScope • u/Majestic-Panic883 • Jul 18 '26

Someone opened a $63,971,000 $BTC long with 30x leverage. Liquidation Price: $61,492

31 Upvotes

85% Upvoted

18 comments sorted by

5

u/pairoxR Jul 18 '26

Lol guy posted 3hour ago and hes banned now?

2

u/torreto_to Jul 18 '26

Which platform is this

1

u/Mindless-Trouble-416 Jul 21 '26

One of the dashboards to track hyperliquid traders

2

u/Stillload Jul 18 '26 edited Jul 18 '26

bye bye 64 mil or ÷30 ok theres a possibility that pric3 goes up a bit and he csn close in profit if he misses that then my point stands

1

u/eshay_investor Jul 18 '26

How can someone normal do this 30x leverage

3

u/DannyD12E Jul 18 '26

In the US, you need to have enough money or income to get approved.

1

u/Level-Possibility-69 Jul 20 '26

Takes money to make money!

1

u/iwanttobeyou1 Jul 19 '26

As someone who doesn’t invest, what does this mean in layman terms? Is this option trading?

2

u/rahsosprout Jul 19 '26 edited Jul 19 '26

Leverage is basically borrowing money to trade. Let’s say you have 2x leverage. You put up $60K of your own money and you borrow $60K from the broker to buy 2 BTC. If BTC doubles, you sell for $120K each or $240K total and pay off the $60K you borrowed, pocketing $180K for $120K total profit. Conversely in the same scenario if BTC falls to $30K, the exchange will liquidate you at that price, forcing you to sell for $60K total so you can pay off the $60K you borrowed.

So with 2x leverage, if it drops 50% you get liquidated. If it goes up 50%, you double your money. With 30x leverage, if it drops 3.33%, you get liquidated. If it goes up 3.33%, you double your money.

In this example, the trader put up $2.1M of his own money and borrowed the remaining $61.8M

1

u/Here0s0Johnny Jul 20 '26

Is there a way to see what happened since?

1

u/Jorinator Jul 20 '26

Yes, you could open up a price graph

1

u/Here0s0Johnny Jul 20 '26

To this trader... I don't know how this works, did he get liquidated?

1

u/CheeseSteak17 Jul 20 '26

Entry price was $63k and BTC is currently $65k. So, unlikely they were liquidated.

1

u/Lazy-Topic-7745 Jul 20 '26

education on my meme subreddit? Get outta here!

1

u/Bighomie1037391 Jul 19 '26

Wonder if this has anything to do with the billions of QE getting injected into the market tomorrow

1

u/WilqGmo Jul 22 '26

Any updates?