Trader Loses $26M in Ether Short as Market Volatility Strikes
A trader on Hyperliquid lost $26 million as their short position on Ether rapidly unwound due to market volatility. This incident underscores the risks associated with cryptocurrency trading, particularly highlighted by another trader who lost $24 million in just 12 seconds when forced out of a significant short position as Ether's price surged.
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Hyperliquid Trader Loses $26M As Ether Short Unwinds In Seconds
Hyperliquid Trader Loses $26M As Ether Short Unwinds In Seconds - Read the full analysis.
Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

