Hyperliquid's Largest Long Position Faces Significant Loss

According to NS3.AI, EmberCN reported that the largest long position holder on Hyperliquid experienced a dramatic shift in their investment. Initially, the trader held a long position of 114,000 ETH, valued at $259 million, which transitioned from a $13 million unrealized profit to a $10 million unrealized loss. The trader initially opened a position of 99,000 ETH at a price of $2,270 at the end of April and subsequently added two smaller positions, resulting in an average cost of approximately $2,268.