Hyperliquid Treasury suffered a short-term loss of over $4 million, possibly due to the "Hyperliquid 50x leverage whale" and "active liquidation" of 160000 ETH

On March 12th, according to official data, the Hyperliquity Provider suffered a short-term loss of over $4 million, possibly due to the "Hyperliquid 50x leverage whale" actively liquidating 160000 ETH. These 160000 ETH ($306 million) orders were mostly closed at $1915 and were taken over by Hyperliquid Treasury to complete liquidation. Due to the huge amount, any further decline in ETH during the closing process will result in losses, which have been borne by HLP.