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🚨 $BTC LEVERAGE IS STACKING UP Around $7.1B in BTC perpetual exposure is currently open on Hyperliquid. That’s obviously not the entire market, but Hyperliquid has become a major perp venue, and with positions recorded onchain, it gives us a useful snapshot of where leverage is concentrated. I mapped the liquidation levels for roughly 50% of the open positions: 📈 A 10% BTC move higher could wipe out around $305M in shorts. A 10% move lower could hit roughly $186M in outflows. #DailyOrbit