According to @EmberCN, a whale recently transferred $3 million USDC from Binance to Hyperliquid to bolster margin on a large 5x short position in HYPE, totaling 187.5 HYPE tokens valued at $50.4 million at an entry price of $20.4. The position is currently facing an unrealized loss of $12.06 million, with the updated liquidation price now at $31.6 following the margin increase. This significant short exposure and high unrealized loss could create volatility in the HYPE market if the position nears liquidation, offering potential trading opportunities for both long and short traders (source: @EmberCN, Twitter, May 17, 2025).

According to @EmberCN, whale address 0x20b withdrew $23.46 million USDC from Binance over the past 27 hours and transferred the funds to Hyperliquid. They opened a $45.77 million short position on HYPE using 5x leverage, with an entry price of $20.4 and a liquidation level at $30. The position currently faces a $7.43 million loss (down 32%), highlighting significant risk exposure. Traders should closely monitor HYPE price action and whale activity, as large leveraged positions like this can increase volatility and impact overall crypto market sentiment (Source: @EmberCN on Twitter).