Whale Loses $12 Million in 1 Month

#WhaleMovements

This whale opened a $10M ETH long position on Hyperliquid today.

Currently, they are only $40K in profit, but looking at the liquidation level, if the price drops just $50 from the entry, this whale will be liquidated.

Additionally, when we check their PNL over the last month, they are down $12M.

Why do you think this whale is taking such a risk?