HYPE Bull Faces $17.47M Loss, Injects $2.4M USDC to Avoid Liquidation

HYPE Long Position Suffers Massive Unrealized Loss

According to Onchain Lens, the largest HYPE long address holding 1.38 million tokens (valued at $35.9 million) is currently facing an unrealized loss of $17.47 million, highlighting the volatility impacting leveraged positions.

Emergency Deposit to Prevent Liquidation

In response, the address deposited $2.4 million in USDC today to avoid liquidation on Hyperliquid. This move lowered the liquidation threshold to $23.91 per token, offering temporary relief amid turbulent market conditions.

Market Volatility and Risk Management

This incident underscores the unpredictable nature of leveraged crypto trading. Depositing additional collateral to cushion against price swings has become a common strategy among high-stakes traders.