An unidentified address’s unrealized profit on a HYPE long position has fallen to $27.59 million, and the position is nearing liquidation.

According to Odaily, Lookonchain reported that the profit had previously reached $68.26 million, but the address did not close the position. Over the past two days, it deposited 8.3 million USDC into Hyperliquid to avoid liquidation; the new liquidation price is $58.47.