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Whale shorting HYPE with 5x margin has unrealized losses of $18.8 million, with three additional margin calls.
According to Gate News bot, data monitored by EmberCN shows that a Whale shorted 1.875 million HYPE Tokens at an Enter a Position price of $20.4 on May 8, using 5x leverage, with a total value of $57.14 million. As the price of HYPE continues to rise, this Position currently has unrealized losses of $18.8 million.
To avoid the position being liquidated, this address has added margin three times, with the most recent addition occurring two hours ago, investing 2.04 million USDC. The liquidation price for this position is currently $32.6.
Source: Wu Shuo
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