A trader is gradually closing out his short positions in GOLD, having already closed out $57.39 million in positions.

CoinFeed reported on May 19th that, according to on-chain analyst Ai Yi, a large position in Hyperliquid GOLD is being liquidated at a loss. Trader mk4 (@mk4_lul) is gradually closing out his short GOLD positions in the $4544.5 to $4555.8 range, having already closed out 12,600 GOLD (US$57.39 million) in positions, incurring a loss of US$188,000. He currently has approximately US$20 million in positions remaining.