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Crypto

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

▶ CoinDesk Aug 20, 2026 Aug 20 👁 2 views

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

📋 Article Summary

58 words

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind. The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

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