News
Hyperliquid ETH short forced closed $19.8M, trader incurs $469k loss and adds new shorts
Lookonchain reported that an Ethereum short on Hyperliquid had about $19.8 million of exposure forced closed, resulting in realized losses of roughly $469,000 before fees and funding. The trader then placed new short orders totaling about 1,126 ETH, worth around $2.7 million, between 13:56 and 14:04 UTC on Oct 19. By 16:00 UTC that day the position was short roughly 6,789.3 ETH, valued near $16.2 million, using cross margin with 25x leverage. Hyperliquid estimated the liquidation price at about $2,434.67 while the ETH mid‑price was about $2,393.05. The exchange recorded 8,162.845 ETH of forced short closures across 632 fills from Oct 18 to Oct 19.