Hyperliquid liquidation address closed the 160,000 ETH long position of the “50x leverage whale ”, resulting in a loss of $3.23 million
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Odaily reported that according to on-chain analyst Yu Jing's monitoring, the liquidation address of Hyperliquid spent 7 hours continuously closing small positions, and finally closed the 160,000 ETH long position (worth $306 million) that it had taken over from the "50x leveraged whale on Hyperliquid". The position was taken at $1,915 and closed at an average price of $1,895, resulting in a loss of $3.23 million for the Hyperliquid insurance fund to digest this 160,000 ETH long position.
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