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).