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Trader liquidated on $50,000 ETH short in 12 seconds

Ether jumped $43 during the five forced sales, and Hyperliquid’s insurance fund absorbed the final 1,417 ETH when no buyers remained.

Reported · Written up by our desk · Market Structure

CoinDesk reports that a trader using the Hyperliquid wallet “pension-usdt.eth” was forcibly liquidated out of a 50,000 ETH short in just 12 seconds, after ether surged.

The unwind involved five liquidation orders that pushed ether higher during the closure, with Hyperliquid absorbing the last 1,417 ETH into its insurance fund once there were no buyers for the final chunk.

The liquidation cost the trader nearly $24 million, wiping out roughly half of the wallet’s prior $49 million in short-selling profits and leaving the account essentially empty.

CoinDesk notes that the short was held for about two months and that broader crypto shorts were also being squeezed, with $2.74 billion in crypto shorts liquidated over 24 hours as ether rose 18% over the same period.

Latest closeEthereum $2,248.88 ▼0.1%

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