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Whale exits after losing $8.09 million on Hyperliquid, HYPE long positions hit a snag
【Blockchain Rhythm】Interestingly, on January 15th, another large on-chain liquidation occurred. Address 0xBd8, this whale has closed a 5x leveraged HYPE long position, resulting in a loss of about $7.18 million just from this one trade. Even more heartbreaking, this trader’s total loss has reached $8.09 million. After the liquidation, they withdrew all remaining funds from Hyperliquid. This move is quite typical — leveraging bets without timing them right, ultimately leaving in disappointment. For those trading contracts, such losses are indeed worth reflecting on the importance of risk management.