A significant player in the cryptocurrency market has suffered substantial losses as the market continues to experience a downturn. According to recent data from Lookonchain monitoring, a whale who held a long position in Bitcoin on Hyperliquid has lost over $6.75 million.
Market Volatility Takes a Toll
The whale, who held the position for 16 days, incurred significant funding fees of $632,000. This loss highlights the risks associated with holding long positions in a declining market.
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Source: Panewslab.com
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