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