HYPE drops below $25, and the whale with 5x leverage is nearly $20 million in unrealized losses on long positions

SignatureVerifier · 2025-12-18T00:46:15+00:00

The crypto industry has once again exposed the severity of leverage risks. A whale holding a 5x leveraged long position faced a floating loss of $19.6 million as the HYPE price dropped to $25. To avoid liquidation, they quickly added $2 million in margin, but the liquidation price has already fallen to $20.65, and the risk remains high.

SignatureVerifier

2025-12-18 00:46:15

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【BlockBeats】Another shocking leverage risk case has emerged in the crypto circle. Recently, on-chain data shows that after HYPE’s price fell below $25, a whale account holding a 5x leveraged long position is experiencing an unrealized loss of over $19.6 million. To avoid forced liquidation, this whale quickly added $2 million in USDC as margin to increase its risk resistance. However, the situation remains tense—the liquidation price for this position has been pushed down to $20.65. This case once again reminds traders of how risky high-leverage trading can be. Once the coin price drops further, even with margin cushions, it is very difficult to escape the fate of being liquidated.

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