Odaily星球日报讯 Hypurrscan 数据显示，Hyperliquid 上 50 倍杠杆巨鲸平仓此前的 40 倍 BTC 空单后，转为 40 倍做多 448 枚 BTC（仓位价值约 3787 万美元），开仓价 84521 美元，清算价格 83062 美元。

Odaily星球日报讯 Hypurrscan 数据显示，Hyperliquid 上 50 倍杠杆巨鲸平仓此前的 40 倍 BTC 空单后，转为 40 倍做多 448 枚 BTC（仓位价值约 3787 万美元），开仓价 84521 美元，清算价格 83062 美元。

Hyperliquid上50倍杠杆巨鲸平仓空单后转为40倍开多BTC，清算价格83062美元

Odaily reported that according to Hypurrscan data, a whale on Hyperliquid with 50x leverage closed their previous 40x BTC short position, and then went long 448 BTC (position value around $37.87 million) with 40x leverage. The entry price was $84,521, and the liquidation price was $83,062.

Odaily reported that according to Hypurrscan data, a whale on Hyperliquid with 50x leverage closed their previous 40x BTC short position, and then went 40x long on 448 BTC (position value around $37.87 million), with an entry price of $84,521 and a liquidation price of $83,062.

The 50x leveraged whale on Hyperliquid closed its short position and switched to 40x long BTC, with a liquidation price of $83,062

Odaily reported that according to monitoring by @ai_9684xtpa, the whale with 50x leverage on Hyperliquid has deleted all tweets related to verifying their DeBank account and confronting ZachXBT, and changed their account name from "MELANIA" to "falllling".

The 50x leveraged whale on Hyperliquiquit deleted the tweet and DeBank account confronting ZachXBT

In March 2025, amid the interplay of Trump's policies and the Fed's rate cut expectations, a thrilling capital hunt unfolded on the decentralized derivatives platform HyperLiquid. A mysterious trader codenamed 0xf3, leveraging 50x leverage, precise event-driven strategies, and rule loopholes, raked in $22 million in just half a month, even siphoning off $2 million in profits from the platform's treasury through "liquidation harvesting". This operation not only exposed the fatal flaws of the DeFi protocol, but also sparked a "whale hunting" campaign led by figures like <Justin Sun>.
I. Timeline Recap: From $6.8 million in windfall profits to "...

Decoding whale’s $22 million plundering war

The user (address 0xf3f4) on the trading platform Hyperliquid was liquidated due to the leverage issue in their ETH long position, which also caused damage to the Hyperliquid vault funds, sparking discussions in the community. Hyperliquid's official response emphasized that this was not due to a protocol vulnerability or a hacker attack, but the result of the normal operation of the leverage and margin mechanism.

The user held unrealized profits (PNL), but after withdrawal, the margin level was reduced, leading to the final forced liquidation, and they still made a profit of around $1.8 million. However...

The 50x leveraged whale on Hyperliquid closed its short position and switched to 40x long BTC, with a liquidation price of $83,062

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