Whale Opens $16.2M Short on 257.9 BTC Today on Hyperliquid, Faces 52% Unrealized Loss

BTC2.05%
According to Hyperinsight monitoring, a whale on Hyperliquid opened a short position on 257.9 BTC worth approximately $16.2 million on June 8, deploying $410,000 capital at 40x leverage near the $62,000 price level. As of press time, the position has accumulated an unrealized loss of 52%, equivalent to approximately $210,000, with a liquidation price at $66,395.
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