A whale known as Aguila Trades on the decentralized perpetual exchange Hyperliquid (HYPE) faced a massive setback. On-chain analytics firm Onchain Lens reported that Aguila Trades was forced to liquidate a substantial Bitcoin (BTC) long position after Bitcoin's price dipped below $115,000. Significant Losses for Hyperliquid Trader This liquidation resulted in a staggering $40 million loss for Aguila Trades, equivalent to approximately ₩56 billion. The event highlights the inherent risks associated with leveraged trading, especially in the volatile cryptocurrency market. While further details are scarce regarding the exact leverage used by Aguila Trades, the magnitude of the loss underscores the potential for rapid and substantial financial impact. This serves as a stark reminder of the importance of risk management when participating in decentralized finance (DeFi) platforms like Hyperliquid. ```

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