A crypto trader known as pension-usdt.eth lost nearly $24 million after a massive Ethereum short position was liquidated on Hyperliquid, wiping out roughly half of the wallets previous short-selling profits. The trader had maintained a 50,000 ETH short position for more than two months before a sharp crypto market rally forced the trade to close. Hyperliquid records show the liquidation unfolded in just 12 seconds through five separate orders as Ethereums price rapidly climbed. The forced unwind began with 9,989 ETH closed near $2,193, followed by 20,698 ETH around $2,209 and 15,830 ETH near… Read more
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