One of the traders suffered significant financial losses on the decentralized exchange Hyperliquid: within half an hour, his profit of over $4 million turned into a loss of $238,000 due to three consecutive liquidations of futures positions.
This is reported by Finway
Series of Liquidations and Sharp Balance Shift
According to the analytical platform Lookonchain, this trader opened long positions with increased leverage on several assets: Bitcoin, OFFICIAL TRUMP (TRUMP), and Ethena (ENA). As a result of a sharp market decline over 30 minutes, his positions were liquidated three times, leading to a loss of more than $4 million and a final loss of $238,000.
“His profit of over $4 million turned into a loss of $238,000.”
Optimism Among Major Players on Hyperliquid
Despite the increased market volatility, major players have not lost faith in the rise of cryptocurrency prices. Experts from Lookonchain note that whales continue to open long positions on Hyperliquid. In particular:
- One whale opened a long position with 40x leverage on 179.59 BTC (nearly $19.9 million).
- A new crypto wallet deposited $1.95 million in USDC and opened a long position with 25x leverage on 4743 ETH (approximately $18.7 million).
- A trader with an 83.7% success rate from 43 trades opened a long position on 62 BTC ($6.88 million) with 40x leverage.
It was previously reported that over a thousand traders on Hyperliquid lost all their deposits during the sharp market crash on the night of October 11.