ChainCatcher report: Due to a short-term spike in ETH price exceeding 5%, leveraged positions held by the whale address starting with 0xa5e4 on Hyperliquid were liquidated in a cascade, reducing the account balance to as low as $170,000 at one point; the user has since withdrawn all remaining funds. The total loss from this liquidation exceeded $1.5 million, with a total liquidation value of nearly $30 million. This address had deposited approximately $1.7 million in principal into Hyperliquid 18 hours prior, then opened a short position on ETH at an average price of $1,940, with peak position size reaching $31 million.
ETH Short Whale Suffers $30M Liquidation on Hyperliquid Amid Price Surge
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Summary
ETH price surged over 5% on Hyperliquid, triggering a $30 million liquidation for a major short whale. The ETH analysis shows the whale, with address 0xa5e4, had opened short positions at $1,940 with a $31 million exposure. Following the ETH price increase, the account was nearly wiped out, with losses exceeding $1.5 million. The remaining $170,000 was later withdrawn.
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