The recent rise in Bitcoin price has put serious pressure on highly leveraged positions. According to market data as of April 17, BTC briefly approached $76,300, while a large short position came very close to the critical liquidation level.
Leveraged short position is on the verge of liquidation
According to HyperInsight Monitoring data, the short position of a large investor called “Strategy Counterparty” is causing serious losses against price movements. This transaction, which was opened with 40 times leverage and has a size of approximately $78.1 million, is at risk of liquidation if Bitcoin reaches $76,380.
Bitcoin, CryptoAppsy According to data, while it approached $76,300, the loss of the position in question exceeded $4.3 million and reached 220 percent. The total loss on a weekly basis exceeded 7.8 million dollars. It appears that the position was opened on April 1 and the investor has not made any intervention yet.
Even a limited increase in Bitcoin price points to critical levels for highly leveraged transactions and rapidly increases the risk of liquidation.
Strategy’s Bitcoin position became profitable again
In the same period, Strategy’s Bitcoin investment turned profitable again. The company’s BTC holdings reached an unrealized gain of approximately $232 million as the price rose above $75,000.
As of April 12, 2026, Strategy holds a total of 780,897 Bitcoins. While the total cost of these assets is approximately 59.02 billion dollars, the average purchase price is calculated as 75,577 dollars. The price rising above these levels allowed the portfolio to move into the positive zone again.
New long position attracted attention
On the other hand, on-chain data revealed that a different whale opened a new position with bullish expectations. A wallet address starting with 0x133 initiated approximately $6.95 million long transactions for Bitcoin with 40x leverage.
While the average entry price of this position was recorded as $75,320, an unrealized profit of approximately 20 percent was achieved in a short time. The trader placed a limit order with plans to close the position at $77,000.
Another noteworthy detail was that there was no open stop loss order in the position. The liquidation price is at $74,287, indicating that this level is considered a de facto stop point.
While fluctuations in Bitcoin price once again reveal how quickly the risk can grow in high leverage transactions, the positions of major players in the market continue to be closely monitored.
