Flood Bitcoin 20x long, unrealized loss $375,100 (about 500 million won)

Flood's full-stack founder disclosed a Hyperliquid account holding a 20x leveraged long position on 88.88 BTC at an average entry price of $68,866, showing an unrealized loss of about $375,100 and a displayed return of -123.44%. The same account carries a short position of roughly 83,290 PRL tokens, up $47,100 for an 81.25% gain, with the two positions' P&L assessed separately. The disclosure matters because it exposes the liquidation risk of high-leverage longs on Hyperliquid, a decentralized perpetuals venue, to public scrutiny. Traders will watch whether BTC holds above the entry price to keep the position from deepening its losses or facing liquidation, and how the offsetting PRL short performs.