According to Lookonchain, a whale opened a long position of 175,179 ETH ($335.6M) with 50x leverage, actively closing 14,945 ETH ($28.7M) to secure a profit of $1.86M. This move left 160,234 ETH ($306.85M) at risk of liquidation, resulting in a $4M loss for Hyperliquidity Provider (HLP) within 24 hours.