LINK Position Liquidated: Hyperliquid Whale Shifts to $160 Million BTC Short Following $1.27M Loss

On March 15th, COINOTAG News reported insights from on-chain data expert Yu Jin, indicating notable trading activity by the “Hyperliquid 50x Whale.” This trader recently liquidated long positions in LINK, following a costly maneuver that culminated in a loss of approximately $1.27 million. After these adjustments, the whale strategically redirected resources, employing 3.75 million USDT as collateral with a 40x leverage on the Hyperliquid platform to short 1,937 BTC. The total value of this new position stands at an impressive $160 million, with an entry point fixed at $84,287 and a crucial liquidation threshold set at $85,158. This activity showcases the dynamic and volatile nature of cryptocurrency trading, highlighting the risks and opportunities inherent in the market.