On March 21, a whale deposited $3 million in USDC on HyperLiquid and opened a 10x short position on 226,310 HYPE tokens, valued at approximately $9 million. The whale had previously held a HYPE short position for 48 days, closing it with a $197,000 loss. Position sizing and risk management are critical in position trading strategies, particularly when using leveraged exposure.
ChainThink reports that on March 21, according to OnchainLens monitoring, a whale address deposited $3 million in USDC into HyperLiquid and opened a 10x leveraged short position on HYPE, shorting 226,310 HYPE tokens with a notional value of approximately $9 million.
Previously, this whale held a HYPE short position for 48 days and closed it with a loss of $197,000.
