Huo Mars Finance reports that on June 4, according to Hyperinsight monitoring, following HYPE’s sustained decline in the afternoon, a Hyperliquid whale fully closed its HYPE long position, incurring a loss of approximately $1.52 million. The previous long position size was $18.42 million. In the past hour, the whale immediately switched to BTC, opening a 40x leveraged long position of 330.2 BTC, with a position value of approximately $20.8 million, an average entry price of $63,303, and a liquidation price of $62,455. This makes the whale the BTC long position on Hyperliquid closest to liquidation, with less than $500 (0.7%) remaining before liquidation. Address: 0xc6fee72e2dfb27d75c282747f268738c7bc179b1
Hyperliquid Whale Opens $20.8M BTC Long Position Amid HYPE Loss
MarsBitShare
Summary
A Hyperliquid whale engaged in position trading by closing a $1.52M HYPE long at a loss after the token declined on June 4. The trader then opened a 330.2 BTC long position in BTC, valued at $20.8M, using 40x leverage. The entry price was $63,303, with a liquidation price of $62,455. Position sizing indicates the BTC trade is just 0.7% away from liquidation.
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