A crypto whale known as @qwatio experienced a significant liquidation event on Hyperliquid (HYPE), resulting in total losses of $35.6 million. Lookonchain reported the whale, holding $334 million in short positions, was forcibly liquidated over three hours. The liquidated positions included 1,743 Bitcoin ($211 million), 33,743 Ethereum ($123 million), and 15 million FARTCOIN ($20.6 million). This increased cumulative losses from a previous $17.89 million to the current $35.6 million. Interestingly, the address was previously identified as a "Trump insider" address in March and had been partially liquidating short positions since July 9th, indicating a sustained period of market volatility or miscalculated bets. The large-scale liquidation highlights the risks associated with highly leveraged positions in the cryptocurrency market. ```

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