Hyperliquid Trader Adds to Ether Short After $469,000 Liquidation Loss

An unidentified Hyperliquid trader added about 1,126 Ether (ETH) to a short on Oct. 19 after forced closures reduced the position overnight, leaving a roughly $16.2 million bet against the asset. The account went through four groups of partial liquidations, comprising 632 execution fills, between 7:27 p.m. ET Oct. 18 (23:27 UTC) and 3:34 a.m. ET Oct. 19 (07:34 UTC). The closures covered 8,162.845 ETH in short exposure, worth about $19.78 million at execution. The estimated trading loss on those closed contracts was $469,000 before fees and funding. The $19.78 million figure measures the value of contracts forcibly closed, not the amount the trader lost or the outcome of the position that stayed open. The wallet had opened short exposure near $2,366 per ETH.

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