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A massive GOLD ( $XAUT )short on Hyperliquid is getting unwound at a loss🥶.
Trader mk4 (mk4) has been gradually closing his #GOLD short position in the $4,544.5 to $4,555.8 range after the market moved against him.
So far, around 12,600 GOLD worth roughly $57.39M has already been closed, locking in an estimated loss of about $188K. Even after that, the trader is still holding close to $20M in remaining short exposure.
The size of the position made it one of the more closely watched trades on Hyperliquid, especially with gold continuing to stay strong while many traders expected a pullback.
Address: 0x77375a8c9d13bf79afb2a87f1b0ac1dfd5f5bf66