Hyperliquid: Trader Opens $4.5M BTC Long After $2.37M Loss

Hyperliquid trader down $2.37M lifetime just opened a 72.6 BTC long worth $4.5M at 20x leverage with entry at $61,973.9 and liquidation at $57,786.6.

Price action on the 4h chart reveals a bearish trend structure with BTC trading below the EMA50 at $62,333.87 while the MACD death cross at 20.49 signals sustained downside pressure; with price testing the upper Bollinger Band resistance at $64,341.48 and RSI at 43.97 remaining neutral, a healthy retracement toward the EMA50 support appears probable before any continuation attempt.