Hyperliquid’s 50x leverage whale closed its MELANIA long position and then opened a 40x leverage short position on BTC

Odaily News According to the monitoring of on-chain analyst Yu Jin, the 50x leveraged whale on Hyperliquid closed its MELANIA long order and made a profit of $87,000. Then it reopened a BTC short order: currently using 690,000 USDC as margin to short 326 BTC (worth $27.62 million) at 40x. The opening price was $84,566 and the liquidation price was $85,545.