A certain address's HYPE long position's unrealized profit dropped to $27.59 million, leading to the deposit of 8.3 million USDC for hedging.

A long position in HYPE at a certain address has seen its unrealized profit drop from $68.26 million to $27.59 million, and is now close to liquidation. The address deposited 8.3 million USDC into Hyperliquid over the past two days to avoid liquidation, with the new liquidation price at $58.47.