Odaily News According to on-chain analyst Yu Jin, a trader lost $2.788 million in two days through three high-leverage transactions on the Hyperliquid platform. The specific operations included:
25x leverage shorted 41,851 ETH, with a position value of approximately $103 million and a loss of $2.46 million;
Then he bought 166 bitcoins with 40x leverage, with a position value of $17.6 million, and lost $175,000 in 45 minutes;
Finally, he shorted 2,636 ETH at $2,444 with 25x leverage, but was stopped out due to the downward movement of the liquidation price caused by the increase in positions.
The trader initially invested 2.96 million USDC, but only had 172,000 USDC left in the end.