Huo Xing Finance reports that, on June 8, according to Hyperinsight monitoring, only one whale opened a multi-million-dollar position on the Hyperliquid platform today. The whale invested $410,000 to short 257.9 BTC at 40x leverage, equivalent to approximately $16.2 million, when the price was around $62,000. As of publication, this short position has incurred a paper loss of 52%, or about $210,000, with a liquidation price at $66,395. Address: 0x0c86444e7667afe288dc6d7d3e828e3b39e48995
Hyperliquid Whale Loses 52% on $16M BTC Short Position in One Day
MarsBitShare
Summary
On June 8, a Hyperliquid whale opened a $16.2 million BTC short position with 40x leverage, purchasing 257.9 BTC at $62,000. The trade backfired as the position size resulted in a 52% loss within one day, totaling $210,000. The position was liquidated at $66,395. Wallet address: 0x0c86444e7667afe288dc6d7d3e828e3b39e48995.
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