ICYMI lots of discussions about Hyperliquid & the impact of recent traders' flow on HLP

One wallet exited a $200M+ ETH long by withdrawing profit & letting it get liquidated  / taken over by HLP with almost no slippage (HLP lost $4M while closing the position)

Hyperliquid reduced max leverage on ETH & BTC as a result, & now requires 20% margin ratio when transferring/withdrawing collateral

The trader has tried again multiple times since with varying success (lost $100k trying on LINK today)

Separately, a suspected insider wallet continues opening very large positions to farm copy traders after its famously success on a very large ETH long just prior to the announcement of the strategic crypto reserve

Watcher of the chain. Maxi of Memes. Sometimes marketing. Built 6529Memes.Market.

This is crazy, but it’s great to see how Hyperliquid is adjusting to ensure liquidity and risk management are in check.