Top LIT Short Position on Hyperliquid Faces $8.4 Million Unrealized Loss

On-chain data reveals that the largest short position for LIT on Hyperliquid remains active despite significant losses. The trader, holding a 3x leveraged short position of 2.528 million LIT, has seen unrealized losses grow to $8.4 million. With a liquidation price set at $7.05, the total position loss has reached approximately $8.456 million, representing a return on investment of negative 106%.