A trader traded BTC and ETH with high leverage on Hyperliquid and lost $2.788 million in 2 days

Odaily Planet Daily News According to the monitoring of on-chain analyst Yu Jin, a trader lost $2.788 million in two days through three high-leverage transactions on the Hyperliquid platform. The specific operations include: 25x leverage shorted 41,851 ETH, with a position value of approximately $103 million and a loss of $2.46 million; Then longed 166 bitcoins with 40x leverage, with a position value of $17.6 million, and lost $175,000 in 45 minutes; Finally, shorted 2,636 ETH at a price of $2,444 with 25x leverage, and was stopped out due to the downward movement of the liquidation price caused by the increase in positions. The trader initially invested 2.96 million USDC, and only 172,000 USDC was left in the end.