From $10M to -$2.5M: HyperLiquid Trader Wiped Out as Bitcoin Tanks
Another day, another crypto sob story—this one with a $12.5M swing that’d make even Wall Street wince.
When Bitcoin sneezes, altcoins catch pneumonia. And this HyperLiquid trader just got a front-row seat to the carnage.
Leverage giveth, and leverage taketh away. The trader rode a $10M paper profit straight into a $2.5M realized loss—proof that in crypto, ''profits'' are just loans from the market gods until you cash out.
Funny how the ''number go up'' crowd always forgets gravity works both ways. Maybe next time they’ll hedge—or at least pretend to understand risk management.
It''s not the first time AguilaTrades has recorded a losing trade at these levels. Last week they were up $5.8 million on a BTC long before losing $12.5 million, according to Lookonchain.
On paper the trade has credentials because BTC has managed to remain above $100,000 despite escalating conflict in the Middle East, which is typically a catalyst for downside in risk assets.
However, remaining agnostic to price action in this range and simply buying support and selling resistance would have yielded far greater results. Bitcoin has been trading in this range since May 9 with numerous attempts at breaking support and resistance along the way.
