- One of the traders suffered three liquidations in half an hour.
- His profit of more than $4 million was replaced by a loss of $238,000.
- Despite the market decline, major players continue to bet on growth.
Lookonchain analysts reported a series of liquidations on decentralized platform Hyperliquid. Specifically, a trader lost over $4 million in 30 minutes on futures trading.
According to experts, the trader opened long positions with high leverage on bitcoin, OFFICIAL TRUMP (TRUMP) and Ethena (ENA). Due to the market’s decline, it was liquidated three times within 30 minutes. A profit of over $4 million turned into a loss of $238,000.
However, Lookonchain noted that the whales remain optimistic. Despite market volatility, major players continue to open long positions in Hyperliquid, among others:
- a whale opened a long position with 40x leverage for 179.59 BTC — nearly $19.9 million;
- a new wallet contributed $1.95 million in USDC and opened a long position with 25x leverage on 4,743 ETH — approximately $18.7 million;
- a trader with a success rate of 83.7% in 43 trades opened a long for 62 BTC ($6.88m) with 40x leverage.
Earlier we reported that more than 1,000 Hyperliquid traders lost their entire deposit during the market crash on the night of October 11.
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