Cryptocurrency trader lost $ 4 million in profit in just 30 minutes

Lookonchain analysts have recorded a series of liquidations on the Hyperliquid decentralized platform, during which one of the traders lost more than $ 4 million in profit in just half an hour. According to experts, he traded highly leveraged futures on bitcoin, the OFFICIAL TRUMP token (TRUMP), and Ethena (ENA). Due to the market’s decline, his positions were liquidated three times in 30 minutes, resulting in a profit of more than $ 4 million and a loss of $ 238,000.

Despite the volatility, large investors remain optimistic. Lookonchain reported that whales continue to open large long positions on Hyperliquid. One of them opened a position with 40x leverage for 179.59 BTC (about $ 19.9 million). Another wallet deposited $ 1.95 million in USDC and opened a long for 4743 ETH with 25x leverage (approximately $ 18.7 million).

Another trader with a success rate of 83.7% in 43 trades opened a long position for 62 BTC (approximately $ 6.88 million) with a leverage of 40x. Analysts note that such actions indicate the confidence of major players in further market growth, despite the recent volatility.

Earlier it was reported that during the market crash on the night of October 11, more than a thousand Hyperliquid traders lost all their deposits. Experts attribute this to the high risks of using large leverage and sharp price fluctuations in the cryptocurrency market.