HYPE's largest long whale withdraws $7 million in margin, raising the liquidation line to $25

According to monitoring by HyperInsight, since the HYPE price broke through $34 last night, a suspected insider whale has been withdrawing approximately $7 million in released margin from Hyperliquid.

This operation has moved its liquidation price from around $20 to $25.04. The address had heavily gone long before HYPE was listed on Robinhood, with an average opening price as high as $38.67. It remains the largest long position holder on-chain for HYPE, with a position size of about $43.7 million. Today's unrealized loss has slightly expanded to about $9.7 million, with a loss percentage of 111%. Notably, since its position fell below the cost price and incurred significant unrealized losses, this address has never adjusted or reduced its position, consistently choosing to "hold the position." Previously, its peak unrealized loss was close to $26 million.