A High-Leverage Trader Exits After incurring a $2.788 Million Loss Over Two Days

BlockBeats News, May 19th, according to EmberCN monitoring, a high-leverage trader deposited 2.96 million USDC into Hyperliquid on the 17th, but only withdrew 172,000 USDC after closing the position 3 hours ago. In just 2 days, through 3 high-leverage operations, the trader lost 2.788 million US dollars.

（1）On the 17th, the trader transferred 2.96 million USDC to Hyperliquid and then shorted 41,851 ETH with 25x leverage, with a position value of 103 million US dollars.

Subsequently, as ETH continued to rise, the trader's position encountered multiple liquidations. Finally, this morning, the trader closed all ETH short positions, resulting in a loss of 2.46 million US dollars.

（2）After closing the ETH short position, the trader immediately switched to longing BTC with the remaining funds. The trader opened a long position on 166 BTC with 40x leverage, with a position value of 17.6 million US dollars.

However, as BTC started to retrace, the trader's 40x long BTC position only lasted for 45 minutes and ended with a loss of 175,000 US dollars.

（3）The trader then returned to shorting ETH, opening a 25x leveraged short position for 2,636 ETH at a price of $2,444.

Subsequently, as ETH declined by 100 US dollars, the trader began to use unrealized profits to increase the short position, leading to the liquidation price moving lower and the position becoming increasingly risky. As a result, when ETH slightly rebounded to $2,410, the position was liquidated.

（4）Finally, the trader withdrew the remaining value of 172,000 USDC from Hyperliquid, accepting the loss of 2.788 million US dollars and ending the game.