According to official data, Hyperliquid Financial Provider (Hyperliquidity Provider) lost more than US$4 million in a short period of time, which may be caused by the "Hyperliquid 50 times leverage giant whale actively liquidated its position" of 160,000 ETH. The long positions of 160,000 ETH (US$306 million) were closed at US$1,915 and were taken over by Hyperliquid treasury to complete liquidation. Due to the huge amount, ETH continued to decline during the closing process will result in losses, and this part of the loss has been borne by HLP.