A significant loss has been reported in the cryptocurrency market, as a whale’s long Bitcoin position on Hyperliquid has resulted in over $6.75 million in losses. According to Lookonchain monitoring, the whale had held the position for 16 days and incurred $632,000 in funding fees.
Market Volatility
The recent market decline has led to substantial losses for some investors, highlighting the volatility of the cryptocurrency market.
Key Statistics
* Loss amount: over $6.75 million * Funding fees: $632,000 * Holding period: 16 days
This content provides market information and should not be considered as investment advice.
Sources
Lookonchain monitoring data
Source: Panewslab.com
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