HYPE whale liquidation wave: $11.08 million single liquidation in 24 hours, long positions with floating losses exceeding $10 million

【BlockBeats】In the past 24 hours, on-chain data has monitored a significant liquidation event. A whale address on Hyperliquid’s HYPE long position experienced a series of liquidations, with a single liquidation reaching as high as $11.08 million. This address starting with 0xbad was liquidated three times this morning alone, with total losses exceeding $8 million, and the total liquidation scale approaching $26.3 million.

Currently, this address still holds a position worth about $26.81 million, with an average entry price of $31.2. However, the situation is not very good—unrealized losses have already reached $7.7 million, and the next liquidation price is set at $23.6, indicating considerable risk.

Interestingly, there is an even more unfortunate whale in the HYPE market. This large holder, who has been long on HYPE for a long time, is currently facing an unrealized loss of $19.77 million, with a position value of $33.61 million, an average price of $38.6, and a liquidation price of $20.65. This guy entered at a high point back in October and has been losing money ever since.

It seems many big players have been caught quite deep in this wave of HYPE volatility.