Hyperliquid Whale Sees Profits Collapse as ETH and XRP Longs Unwind — Here Is What Happened

In a startling turn of events, the hyperliquid whale, known for making significant investments in the cryptocurrency market, has witnessed a substantial collapse in profits. This decline has occurred as long positions in Ethereum (ETH) and Ripple (XRP) are being unwound, leading to a turbulent atmosphere in the crypto trading landscape. So what exactly transpired to cause this dramatic shift? Let’s delve into the details and analyze the factors that contributed to this situation. source: https://blocknews.com/hyperliquid-whale-sees-profits-collapse-as-eth-and-xrp-longs-unwind-here-is-what-happened/