HL Whale’s 20x leverage ETH position worth $56.15 million

A Hyperliquid whale holds a $56.15M 20x leveraged ETH position with over $11M floating loss and a liquidation price of $1,189.83.

The Hyperliquid whale holds an ETH position with 20x leverage, valued at $56,148,000. The entry price was 2,243.12, while the current marked price is 1,871.9, resulting in a floating loss of $11,145,744.2363. The health status of this position is deteriorating, with a liquidation price set at 1,189.8352. Recent news: $74 million in liquidations – 86% of BTC shorts triggered a short squeeze.