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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.

2026.06.04 17:33:57

June 4th, according to Hyperinsight Monitoring (https://t.me/HyperInsight), a whale on Hyperliquid fully closed out their HYPE long position amid HYPE’s afternoon price decline, taking an approximate $1.52 million loss. This long position had previously reached $18.42 million. In the past hour, the whale has pivoted to BTC, opening a long position of 330.2 BTC with 40x leverage. The position is valued at roughly $20.8 million, with an average entry price of $63,303 and a liquidation price of $62,455. This makes the whale the BTC long trader closest to liquidation on Hyperliquid, with less than $500 (0.7%) separating their position from liquidation. Wallet Address: 0xc6fee72e2dfb27d75c282747f268738c7bc179b1
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