BlockBeats News, March 12, according to official data, the Hyperliquidity Provider (HLP) suffered a short-term loss of over $4 million, possibly due to a "50x leverage whale's forced liquidation" of 160,000 ETH.
The 160,000 ETH ($306 million) long position was liquidated at $1,915, taken over by HLP for settlement. Due to the large amount involved, if ETH continues to fall during the liquidation process, losses will occur, and this portion of the loss has been assumed by HLP. Currently, HLP still holds a long position of 156,600 ETH, valued at $2.96 billion, with an unrealized loss of $3.2 million, and a liquidation price of $1,136.8.