Hyperliquid Whale's $15M Loss Could Have Been Turned Into $39M Profit If He Had Held His Position

Earlier in September, a whale with $17M of his own funds experimented with high leverage on the Hyperliquid exchange.

He built up a position of 2,700 BTC and held up to 60% of the total open interest in BTC on the Hyperliquid exchange at its peak.

The market seemed to mockingly reverse itself every time he exited with a huge loss.

2themoon eventually gave in, accepting his loss.

If he had been able to hold his position, instead of a $15M loss, he would have been looking at $39M profit at the current price.