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Hyperliquid whale short liquidation risk? Shorting PEPE with 3x leverage has already unrealized losses of 1.3 million
【BiTu】There is a PEPE short whale on Hyperliquid who has been aggressively adding positions recently. According to on-chain data, this whale is shorting over 12.4 billion kPEPE with 3x leverage, with a position size of approximately $8.54 million. The problem is, this short position is now floating with a loss of $133,000, and the risk exposure is increasing. It’s important to note that in such high leverage environments, even a slight rebound in the market can easily lead these large shorts to face liquidation risk. From on-chain data, the actions of big whales often reflect extreme market sentiment. Is this aggressive shorting a precise risk hedge, or is it about to get caught? The market is watching.