A whale has lost $7.1 million from a 50x long position in Bitcoin on Hyperliquid
Lookonchain monitoring shows that a whale address that went long on Bitcoin with 50x leverage on Hyperliquid is experiencing continuous losses. The entry price for the address was $101,662.9 USD, with unrealized losses reaching $7.1 million USD and a liquidation price of $68,153.88 USD. In addition, the address has paid over $1.04 million USD in funding fees for holding the position for a month. Currently, the total assets of the account are about $16.838 million USD.
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