The legendary short positions Whale on HyperLiquid has taken a big fall this week.

Do you remember when he decisively opened short positions when BTC surged to 120,000 USD? At that time, it was incredibly accurate, with floating profits peaking at over 30 million USD, and everyone in the circle was talking about his moves. However, the recent market rebound completely caught him off guard—after partially closing positions this week, he is now facing a paper loss of nearly 5.95 million USD.

Currently holding 1101.9 short positions in BTC, with the liquidation line stuck at $99,122.7. What's more embarrassing is that last week he placed two limit orders in the range of $67,244 to $67,844, intending to bottom-fish 1300 BTC each, and not a single one has been filled so far.

From earning tens of millions a month to losing a million a week, this has only been a few weeks. Leverage is really a double-edged sword; seeing others making a fortune makes you want to jump in, but then the market unexpectedly turns, and your account changes dramatically.

BTC5.94%

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NewDAOdreamer

· 12-01 15:54

Laughing to death, this is the fate of short positions, no matter how godly, they must kneel.

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WinterWarmthCat

· 12-01 15:52

This is the legendary moment of leverage death. Anyone can make money when things are comfortable; it just depends on who is still alive during the pullback.

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SigmaValidator

· 12-01 15:27

Damn, this is the price of greed. I couldn't hold onto 30 million unrealized gains; leverage is indeed a double-edged sword.

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