Hyperliquid Trader Rebounds with Multi-Million Dollar Bet on HYPE

A trader known as Hyperliquid on the Bitget platform has had quite an eventful week. On July 28th, they were liquidated for holding a long position in SKHX worth around $2.05 million.

The same trader has now reopened a long position in HYPE, with a total position size of nearly $15 million, using 10x leverage. In addition to this new long position, Hyperliquid also holds a long position in ETH worth $10.04 million, using 20x leverage.

This trader's current overall Profit and Loss (P&L) is approximately -$504,800. The platform has noted that the content of this article only reflects the author's opinion and does not represent Bitget in any capacity.