Whale loses $469,000 in hours on Hyperliquid, yet re-enters with $16M ETH short bet
Summary
An unidentified Hyperliquid trader suffered about $469,000 in realized losses before fees when ETH’s rebound triggered forced closures of 8,162.8 ETH in short exposure, worth roughly $19.8 million. The liquidations occurred in four partial reductions from Oct. 18 to Oct. 19, leaving the wallet with a substantial short. The trader later added about 1,126 ETH, bringing the position to around 6,789 ETH, or $16.2 million, at 25x leverage. The reported loss covers only the forced closures, not the remaining position, unrealized results, fees or funding. Hyperliquid’s rules allow partial liquidation when reducing a position restores margin compliance.
