According to Hyperinsight monitoring, the largest whale address on Hyperliquid, 0xec3, holding a $10 million long position at 40x leverage with an average entry price of $74,600 and a liquidation price of $72,800, opened this position four days ago. Over the past five hours, this address has placed a market sell-stop order at $73,900 to partially close $2.37 million of the position, reducing liquidation risk. Additionally, the largest short position closest to liquidation is held by "Strategy Counterparty," with a $10 million 40x leveraged BTC short at an average entry price of $76,300 and a liquidation price of $76,400. The position currently holds a paper profit of $700,000 (106%), most of which has been reinvested to roll the position.
Hyperliquid Whale Adjusts BTC Long Stop-Loss to $73,900
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Summary
A Hyperliquid whale has adjusted its BTC long stop-loss to $73,900 on a $10 million position. The 40x leveraged trade, initiated at $74,600, faces liquidation at $72,800. The whale intends to cut $2.37 million in losses to optimize the risk-to-reward ratio. A significant short position, held by a "Strategy Counterparty," has a liquidation price of $76,400 and a $700,000 unrealized profit.
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