A massive GOLD ( $XAUT )short on Hyperliquid is getting unwound at a loss🥶.
Trader mk4 (mk4) has been gradually closing his #GOLD short position in the $4,544.5 to $4,555.8 range after the market moved against him.
So far, around 12,600 GOLD worth roughly $57.39M has already been closed, locking in an estimated loss of about $188K. Even after that, the trader is still holding close to $20M in remaining short exposure.
The size of the position made it one of the more closely watched trades on Hy...