From $10M Profit to $2.5M Loss: HyperLiquid Trader Wiped Out as Bitcoin Tanks

Another day, another crypto sob story—this one with a $12.5M swing.

When Bitcoin sneezes, leveraged traders catch pneumonia. Today''s victim? A HyperLiquid whale who watched paper profits evaporate faster than a memecoin rally.

The reckoning: A single position flipped from eight figures green to seven figures red as BTC buckled. No stop-loss? No problem—just a $2.5M reminder that the market eats overconfidence for breakfast.

Pro tip: Maybe don''t treat volatile assets like your personal casino. (But hey, at least it''s tax-deductible.)

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.