Ethereum · CryptoSlate
Whale sheds $469,000 in hours on Hyperliquid, yet re-enters with $16 million ETH short bet
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An unknown trader on Hyperliquid realized about $469,000 in losses before fees as an overnight Ethereum rebound forced the closure of nearly $19.8 million in ETH short exposure.
Key facts
- By the 16:00 UTC account check, the wallet was short about 6,789.3 ETH, with the position valued near $16.2 million
- The wallet received 1,252,457.80 USDC at 15:19 UTC on Oct. 18, and opening short sales later that day traded near $2,366
- After the final group at 07:34 UTC, the wallet still held a short of about 5,663.1 ETH
- On-chain analysis profile Lookonchain flagged the wallet's leveraged short in an Oct. 19 X post and later reported about 8,163 ETH of liquidations, worth $19.8 million
Summary
01 Hyperliquid forcibly closed 8,162.8 ETH of an unknown wallet's short, realizing about $469,000 in losses before fees. 02 The wallet added another 1,126 ETH of shorts that afternoon, bringing its position to about 6,789 ETH by 16:00 UTC on October 19. 03 At 16:00 UTC on Oct. 19, the liquidation estimate was about 1.7% above ETH's mid-price, with mark price controlling the trigger. By the afternoon of Oct. 19, the wallet was adding to its bet against ETH again.