Hyperliquid's clearing address closed a long position of 160,000 ETH for the "50x leverage giant whale," ultimately incurring a loss of 3.23 million dollars

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, after 7 hours of continuous small liquidations, Hyperliquid's liquidation address has finally closed the long position of 160,000 ETH (worth $306 million) taken over from the "50x leverage whale on Hyperliquid."

Acquired at $1915, the average price for closing was $1895, and the HLP vault ultimately incurred a loss of $3.23 million to digest this long position of 160,000 ETH.