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HLP Vaults Earn $15M from BTC OG Whale Position Liquidation

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On February 1, 2026, whale activity triggered a $15 million payout for HLP vaults after a BTC long position held by "BTC OG Insider" was liquidated. The collapse of the $700 million position generated a 5.8% return in a single day, raising the annual percentage rate (APR) to approximately 110%. BTC price volatility appears to have played a key role in this event. Currently, HLP holds a $230 million long position in Ethereum.

BlockBeats news: On February 1, according to MLM monitoring, the Hyperliquidity Provider (HLP) earned approximately $15 million this morning from the liquidation of a $700 million long BTC position by the "BTC OG insider whale."


This single event brought approximately 5.8% returns to the vault depositors, pushing the annualized percentage yield (APR) up to around 110%. Currently, HLP holds a long Ethereum position of about $230 million in assets.

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