Trader loses $27.88M profit in 4 days after closing major BTC long positions on Hyperliquid.

HYPE token drops 5.48% despite 33.49% surge in daily trading volume to $439.35 million.

Wallet “0xC28F” closes all leveraged trades, leaving only $166.53 in spot holdings.

A high-volume trader on Hyperliquid lost the entirety of a $27.88 million profit in just four days, closing with a net loss of over $105,000 after multiple failed Bitcoin long positions. The series of trades, executed from May 26 to May 30, resulted in one of the platform’s recorded reversals within a short time frame.