An address opened a long position on 911.5 BTC through Bitget at approximately $77,733, giving the trade a notional value of about $70 million. Its liquidation price is $76,308, leaving the current market price roughly $400 away, according to PANews, which cited Ember on Sept. 11. A liquidation price is the level at which the exchange can forcibly close a leveraged position if losses exhaust its margin.