High Rank

[Hyperliquid 50x Brother]'s closing position strategy is still quite impressive. Essentially, it has taken advantage of HLP:

1. A margin of 15.23 million USDC opened a position of 175,000 ETH ($340 million), with an unrealized profit of $8 million;
2. Closed 15,000 ETH, withdrew 17.09 million USDC margin back to the address to cash out. At the same time, since he withdrew the margin, the liquidation price of his long position of 160,000 ETH was triggered to rise;
3. The position for liquidation is too large. To avoid causing too much impact on the market, Hyperliquid's mechanism is for HLP to take over the position and then slowly liquidate it. HLP took over at a price of $1,915;
4. Currently, the position of 160,000 ETH taken over by HLP is being slowly liquidated in small amounts, and after taking over, it has already incurred an unrealized loss of $3 million.