Hyperliquid whale incurs a loss of $11.6 million after betting on a decline

The story:

One of the major traders on the Hyperliquid platform lost $11.6 million in a wrong short trade during the market volatility of May. Despite technical indicators leaning towards a decline, the movement unexpectedly reversed.

Trade details:

• Opened a massive short position worth $23 million

• Liquidated in stages due to rising prices

• The loss is one of the largest on the platform this month

Analysis:

The market has become unforgiving for high-leverage speculators, confirming that trends are not guaranteed even with precise analysis.

#Hyperliquid #CryptoLiquidation #WhaleLoss #DeFiTrading