HLP Vault Rakes in $15M Profit from Liquidation of $700M ‘BTC OG Insider Whale’ Long Position

According to the latest monitoring data from MLM, on February 1, Hyperliquidity Provider (HLP) earned approximately $15 million from the liquidation of a $700 million long position linked to the 'BTC OG Insider Whale.'

This single event provided depositors in the HLP Vault with a return of approximately 5.8%, pushing the annualized yield (APR) to around 110%. Currently, HLP maintains a long position in Ethereum valued at approximately $230 million, highlighting its ongoing influence in the crypto market.