After a brief hint from the Federal Reserve, this big brother on Hyperliquid was immediately wiped out for $110k; with the hammer of traditional finance coming down, DeFi leverage has to kneel too.

CoinWorld News: Due to expectations of a Federal Reserve interest rate hike, spot gold fell about 1% again within half an hour, with the low touching $4,268, continuing the decline from Friday. Since last Friday's better-than-expected US employment data was released, market expectations of a Fed rate hike have increased, and gold has fallen approximately 4.5% in total. On Hyperliquid, a certain whale's long gold positions were liquidated twice in succession, with a total of 489.2 contracts, worth about $2.08 million, recording a loss of approximately $112k.