A total cycle profit of 37 million is backed, so this floating loss is just a minor injury.

CoinWorld News: A whale reduced its HYPE short position by 41,556.99 contracts on the HyperLiquid platform, roughly 213.17 million US dollars. This whale currently holds a position size of 1088.94 million US dollars, with an average price of 39.49 US dollars; its current profit and loss is -299.34 million US dollars (-137.44%). The current token price is 54.46 US dollars, and its liquidation price is 93.15 US dollars. Over the long term, the whale has relied on downward market oscillations to profit by going long on BTC and altcoin exchange rates. Currently, it is long on BTC with a 50 million US dollars position while also shorting HYPE, and its profit over the full cycle exceeds 37 million US dollars.