BlockBeats news, on May 19, according to EmberCN monitoring, a high-leverage trader deposited 2.96 million USDC into Hyperliquid on the 17th, and after closing positions 3 hours ago, only withdrew 172,000 USDC. In two days, he lost $2.788 million through three high-leverage operations.
（1）On the 17th, he transferred 2.96 million USDC to Hyperliquid, then shorted 41,851 ETH with 25x leverage, with a position value of $103 million.
Then ETH kept rising, and his position kept hitting stop-losses. Finally, this morning he cut all his ETH short positions, losing $2.46 million.
（2）After closing his short ETH position, he immediately turned to go long on BTC with the remaining funds. He opened a long position of 166 BTC at 40x leverage, with a position value of $17.6 million.
Then BTC also started to pull back, and his 40x long BTC position only lasted 45 minutes before ending with a loss of $175,000.
（3）Then he turned back to short ETH, opening a short position of 2636 ETH at a price of $2444 with 25x leverage.
ETH then fell by $100, but he started using unrealized profits to increase his short position, causing the liquidation price to move down, making the position increasingly dangerous. As a result, when ETH slightly rebounded to $2,410, his position was stopped out.
（4）Finally, the trader withdrew the remaining value of 172,000 USDC from Hyperliquid, ending with a loss of $2.788 million.
