Hyperliquid's 50x leverage whale closed its LINK position at a loss of $1.27 million, and now short BTC at 40x leverage, with a liquidation price of $85,158

Odaily reported that according to on-chain analyst @EmberCN's monitoring, the 50x leveraged whale who was long on LINK in both spot and futures markets on Hyperliquid closed their position 4 hours ago, incurring an overall loss of $1.27 million. The whale has now shifted to a BTC short position, using $3.75 million USDC as margin to open a 40x leveraged BTC short on Hyperliquid, holding 1,937 BTC with a total position value of $160 million, at an entry price of $84,287 and a liquidation price of $85,158. Additionally, the whale's LINK trades yesterday were as follows: LINK spot trade: bought 15.08 million USDC worth of LINK at an average price of $14.08, and eventually sold at $13.7, incurring a loss of $400,000; LINK futures trade: opened long positions on Hyperliquid and GMX using $3.18 million USDC, with a combined loss of $860,000.