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Hyperliquid Trader’s $26M ETH Short Backfires Spectacularly—Turns $716K Loss Into Crypto Cautionary Tale

Hyperliquid Trader’s $26M ETH Short Backfires Spectacularly—Turns $716K Loss Into Crypto Cautionary Tale

Author:
CoindeskEN
Published:
2025-07-10 07:20:40
12
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Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down

A Hyperliquid trader just wrote the textbook on how not to play ETH markets—doubling down on a failed $26M short until it became a $716K disaster.

When Greed Meets Leverage

The trader kept adding to their losing position like a degens at a roulette table chasing losses. The result? A masterclass in how leverage cuts both ways.

Liquidation Loopholes Backfire

Hyperliquid's low-fee environment tempts traders to overextend—until volatile swings expose those positions like a bull in a china shop. This time, ETH's rebound did the honors.

Wall Street's Oldest Lesson, Crypto's Newest Victim

The first loss is the cheapest—but try telling that to someone who thinks 'risk management' means using 100x leverage. Another case of 'smart money' outsmarting itself.

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