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Whale Hyperliquid Liquidation: 4.8 million USDC margin has an unrealized loss of 6.37 million USD
【Blockchain Rhythm】On-chain data tracking shows that a whale account “0x218A” recently deposited 4.8 million USDC into the derivatives platform Hyperliquid to supplement margin. Behind this deposit is its aggressive leverage strategy — the whale currently holds 10x leveraged short positions in BTC and ETH. However, the strategy seems to have backfired. According to real-time data, this short position has now incurred an unrealized loss of over $6.37 million. In the highly volatile crypto derivatives market, 10x leverage is inherently risky; if the market moves against the position, the account’s pressure can quickly intensify. The actions of this whale also serve as a reminder to market participants: even with substantial funds, high leverage operations can easily lead to trouble.