According to @ai_9684xtpa, wallet 0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365 deposited 9.5 million USDC to Hyperliquid within the past two hours and opened a 25x long of 18,960.93 ETH, notional about $70.76 million, with entry at $3,717.76 and liquidation at $3,282.87. Source: https://twitter.com/ai_9684xtpa/status/1977207849622081845; https://hyperbot.network/trader/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365 These figures imply roughly an 11.7% downside buffer from entry to liquidation, marking $3,282.87 as the critical margin risk threshold for this high-leverage ETH long. Source: same sources above