LIT's largest short position on Hyperliquid resulted in a floating loss of over $10 million

As LIT broke through $5.3 and continued to reach new highs, the largest short position holder of LIT on Hyperliquid, holding 2.528 million LITs with triple leverage, incurred a floating loss of $10.118 million. The holder also holds short positions in AVAX, ETH, SOL, and HYPE, with an overall position value of approximately $14.634 million and a negative investment return rate of 139.6%.