Ether Drop to $2,420 Liquidates Whale’s $69.69M Position
A large Hyperliquid trader lost a 28,716 ETH position in an overnight liquidation, then added fresh margin and opened another ether long within 30 minutes.
A large trader on Hyperliquid saw a 28,716 ETH position, valued at $69.69 million, forcibly liquidated as ether fell to about $2,420 during an overnight sell-off, Bitcoin.com News reported.
The trader had drawn attention on Oct. 7, when onchain trackers identified margin deposits across three Hyperliquid addresses.
Within half an hour of the liquidation, the trader transferred additional margin and opened a new long position in ether, renewing its exposure to a potential price rise.
Source: Bitcoin.com News
