Hyperliquid liquidation address closed the 160,000 ETH long position of the “50x leverage whale”, resulting in a loss of $3.23 million
according to on-chain analyst Yu Jin's monitoring, it took 7 hours of uninterrupted small-scale slow liquidation to finally close the position of 160,000 ETH taken over from the "50x leverage whale on Hyperliquid". The liquidation address of Hyperliquid finally closed the long position of 160,000 ETH (worth 3.06 billion US dollars) taken over at $1915 and closed at an average price of $1895. The HLP insurance pool ended up losing $3.23 million to digest this long position of 160,000 ETH.
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