A whale closed over 21,000 ETH at a loss of 6.6 million USD and withdrew all 9.6 million USDC from Hyperliquid

The whale 0x89Da has liquidated its long position of 21,683 ETH, incurring a significant loss of 6.6 million USD. This event highlights the volatility in the cryptocurrency market.

Following the position closure, the whale proceeded to withdraw 9.6 million USD in USDC from Hyperliquid, which points to major transactions affecting market dynamics.