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The BTC rally caused Hyperliquid 50x traders to lose 2 million and urgently replenish their margin
Wu said that according to @EmberCN monitoring, the price of BTC has risen by $1,500, causing Hyperliquid 50x traders (commonly known as "insider brothers") to lose 6 million floating profits, and currently have a floating loss of 2 million. The trader's short BTC position is worth $380 million at a cost price of 84,018 and a liquidation price of 85,501. There are 5,000,000 USDC in the account that can be replenished at any time. Subsequently, the trader transferred 5 million USDC to Hyperliquid, and the liquidation price was raised to 86593, and the position is now full and no more margin calls are possible.