A major whale opened a short position with 10x leverage and reduced its holdings of HYPE spot stock, with a liquidation price of $60.9.

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PA一线

PANews reported on May 20th that, according to Onchain Lens, in the past two hours, a whale address opened a short position of 218,406 HYPE tokens with 10x leverage, with a notional value of approximately $11.16 million and a liquidation price of $60.90. Simultaneously, the address also sold 64,401 HYPE tokens, receiving approximately 3.08 million USDC in return.

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In the past 24 hours, a total of $148 million worth of contracts were liquidated across the entire network, with both long and short positions liquidated.
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