Unrealized loss of $110 million: Hyperliquid's largest long position adds to $445 million in longs

According to Odaily, on-chain analyst Yujin monitored that after BTC's price dropped to $59,000 yesterday, Hyperliquid's largest long position used three wallets to long 500 BTC at a price of $59,261, worth $30 million.

Currently, the position holds 120,000 ETH and 2,500 BTC in longs, with a total value of $445 million. The average opening price for ETH is $2,261, and the average opening price for BTC is $69,560, with an unrealized loss of $110 million.