「Hyperliquid 50x Whale」 BTC Short Position Turns into Unrealized Loss, Estimated Liquidation Price at $85,565

BlockBeats News, March 18th, according to hypurrscan data, the "50x Leverage Whale" previously opened a 40x BTC short position on Hyperliquid at $83,923.2 when Bitcoin was at a price of $83,923.2. As Bitcoin experienced a slight rebound coupled with leverage funding costs, the position is currently at a floating loss, with an estimated liquidation price of $85,565.

Prior to this, a "Whale Hunting Operation" targeting the Hyperliquid 50x Leverage Whale has already begun, with Justin Sun possibly joining the effort.