A trader on the decentralized exchange Hyperliquid suffered approximately $469,000 in losses on an Ethereum short position after an overnight rebound in the cryptocurrency triggered forced liquidations. The position was closed with roughly $19.8 million in short exposure across multiple fills. Despite the setback, the trader rebuilt the bearish position the same day, holding approximately 6,789 ETH ($16.2 million) with 25x leverage. This episode illustrates the unforgiving nature of highly leveraged perpetual futures contracts, where ordinary market moves can trigger forced liquidations.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
