A certain whale opened a $20.8 million long position in BTC, but shortly after entering the trade, they were liquidated with just a 0.7% adverse price movement.

BlockBeats News, June 4th, according to Hyperinsight Monitoring, impacted by the afternoon decline of HYPE, a whale on Hyperliquid completely closed a HYPE long position, resulting in a loss of about $1.52 million, with the long position previously reaching $18.42 million.

In the past 1 hour, the whale promptly switched to BTC, going long with 330.2 BTC at 40x leverage, with a position value of about $20.8 million, an average entry price of $63,303, a liquidation price of $62,455, becoming the closest BTC long whale to liquidation on Hyperliquid, with less than $500 (0.7%) away from liquidation.

Address: 0xc6fee72e2dfb27d75c282747f268738c7bc179b1