PANews reported on March 16 that according to monitoring by on-chain analyst Yu Jin, the 50x leveraged whale on Hyperliquid has held its BTC short position for more than a day, and he has just added another 2.5 million USDC in margin to increase his BTC short position. He is now using 11.75 million USDC in margin to open a BTC short position worth $370 million on Hyperliquid with 40x leverage, with an opening cost of $84,043 and a liquidation price of $85,596. The current floating profit is $1 million.
The 40x leveraged Bitcoin short position of "Hyperliquid's 50x leverage whale" currently has a floating profit of $1 million
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