A crypto trader known as pension-usdt.eth on Hyperliquid, who’d made nearly $50M shorting Ether over two months, saw it all vanish in 12 seconds — losing $24M as the market surged. Forced liquidations piled on, each sale driving price higher, until the platform’s insurance fund stepped in to cover the final chunk. The loss erased half their annual profits, leaving just $35 left in the wallet. Meanwhile, a broader market squeeze wiped out $2.7B in shorts across crypto, with Bitcoin surging from $64K to nearly $70K and Ether jumping 18% — and another Bitcoin short lost $49M.
Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN: advertise@thednn.ai
This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai.
Podden och tillhörande omslagsbild på den här sidan tillhör
The Daily News Now!. Innehållet i podden är skapat av The Daily News Now! och inte av,
eller tillsammans med, Poddtoppen.
