A significant Bitcoin long position on Hyperliquid was liquidated on December 26, amounting to $17.6 million. The position, held by the address 0xa8e…, was leveraged 40 times and included a 160 BTC liquidation valued at $14.14 million. Following the liquidation, the address swiftly opened a short position worth approximately $7.1 million, underscoring the critical role of position sizing in trading strategies.