HLP Treasury Settles "BTC OG Insider Whale" $700M Long, Profits Around $15M

BlockBeats News, February 1st, According to MLM Monitor, the Hyperliquidity Provider (HLP) this morning made a profit of about $15 million from the liquidation of a $700 million long position by the "BTC OG Insider Whale."

This singular event brought about a 5.8% return to the treasury depositors, pushing the Annual Percentage Rate (APR) to around 110%. Currently, HLP holds a Ethereum long position of about $230 million.