It is easy to understand why a giant whale voluntarily liquidated its position, causing HLP to lose money. This is because the position he opened was too large, resulting in insufficient liquidity in the market for a short period of time as a counterparty for liquidation, commonly known as liquidation. Hype's approach in this situation is for HLP to take over the position and slowly liquidate it. In general, the market will slowly rebound after a sharp decline, and HLP can also make some money by gradually closing positions. However, this time the leverage is too large, and HLP can't stand it anymore.