Hyperinsight said the 2,527.7-contract XYZ100 position accounts for 21.6% of total open interest and faces liquidation at $25,319.9 ahead of the U.S. June CPI release.
A wallet beginning with 0x3e7 accumulated a 2,527.7-contract long position in the Nasdaq 100 Index product XYZ100 on Hyperliquid, using 20x full-position leverage, according to Hyperinsight. The trade carries a notional value of about $74.298 million and represents 21.6% of total XYZ100 open interest, underscoring how concentrated the bet is in that market. The position was opened in batches from July 9 to July 10 at an entry price of $29,593.7. As of publication, it was showing an unrealized loss of about $508,000, with a liquidation price of $25,319.9. The trade was in place ahead of the U.S. June CPI release at 20:30 Beijing time, a macroeconomic data point traders often watch for its impact on risk assets and leveraged derivatives positions.