An unknown trader on Hyperliquid saw approximately 8,162.8 ETH of short positions forcibly closed between October 18 at 23:27 UTC and October 19 at 07:34 UTC, suffering roughly $469,000 in realized losses before fees. The wallet received 1.25 million USDC on October 18 and opened short positions around $2,366, but an Ethereum rebound triggered forced buybacks between $2,409 and $2,445. By the afternoon of October 19, the trader had already added another 1,126 ETH to the position, bringing the total to approximately 6,789 ETH short worth roughly $16.2 million, with 25x leverage and an estimated liquidation price of $2,434.67.
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