An unknown trader suffered significant losses while trading Ethereum: he did not realize a profit of over $26 million, instead closing his position with a loss of $716,000. Experts from the analytical platform Lookonchain reported that back in June 2025, this investor opened a short position of 50,000 ETH on the Hyperliquid exchange with a 10x leverage.
This is reported by Finway
Position Liquidation and Trader Losses
On July 10, 2025, this trader’s position was liquidated due to a stop-loss trigger. This resulted in a loss of $716,000, although the potential unrealized profit could have reached $26 million had the trade been closed in time. The cause was a significant change in the market value of Ethereum, which triggered a chain reaction of liquidations in similar positions.
“The sharp rise in the price of Ethereum led to a loss of profit and the triggering of the protective order. This incident serves as another example of the risks associated with holding large positions without realizing profits,” noted Lookonchain.
Other Instances of Significant Losses in Futures Trading
Meanwhile, another trader suffered losses exceeding $16 million while trading cryptocurrency futures. His positions in pairs with Bitcoin and Ethereum were also liquidated due to sharp market fluctuations.
Earlier, there were reports of another similar case: a trader using the pseudonym AguilaTrades lost more than $35 million during futures trading. Such situations highlight the high risks of trading in the cryptocurrency market, especially when using significant leverage and lacking timely profit realization.