According to EmberCN, Hyperliquid's liquidation address took 7 hours to gradually close a 160,000 ETH long position ($306 million) acquired from [Hyperliquid 50x trader]. The position was taken over at $1915 and closed at an average price of $1895, resulting in a $3.23 million loss for the HLP vault. This detailed process highlights the challenges and costs associated with managing large-scale liquidations in the crypto market.