Whale 0xBd8 liquidated the HYPE long position on HyperLiquid, with a single loss exceeding $7 million.

On-chain data shows that a large account marked as “0xBd8” experienced a significant loss on the HyperLiquid derivatives trading platform. This whale recently closed its HYPE position, with trading records reflecting the high-risk nature of leveraged trading. According to Onchain Lens monitoring, the loss from a single closing trade by this address reached $7.18 million, and notably, its total accumulated loss has surpassed $8.09 million.

From Bullish Position Building to Exit: A Painful Experience

Based on on-chain transaction data, 0xBd8 adopted an aggressive 5x leverage strategy when deploying HYPE. This high leverage setup was intended to amplify potential gains, but if the market moves unfavorably, losses can also be magnified exponentially. The $7.18 million loss from a single trade indicates that this long position hit a major market fluctuation. After experiencing such a huge paper loss, this whale ultimately chose to cut losses and exit.

Subsequent Action: Full Fund Withdrawal

It is worth noting that after closing the position, 0xBd8 did not continue trading on HyperLiquid but instead transferred all remaining funds out of the platform. This move typically indicates that the address is re-evaluating its trading strategy or temporarily exiting the market to observe.

From a market perspective, the current performance of HYPE also reflects the volatility characteristic of crypto assets — the latest quote is $20.87, down 8.89% in the past 24 hours. Such market conditions remind all traders that while high leverage can bring substantial gains, it also entails significant principal risk.