A Hyperliquid address, identified as 0x50b, is facing a significant floating loss of $10.6 million on its 20x leveraged Bitcoin position. The address holds 881.6 BTC, valued at approximately $67.6 million, with an average entry price of $77,900. The position's liquidation price is set at $74,200, which is about $25 million (3.31%) below the current market price. This makes it the largest long position in Bitcoin on the Hyperliquid platform.