CoinDesk

Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

Trader who made $49 million shorting crypto lost $24 million on ether in 12 secondsWorldPing

The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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Brief by WorldPing · Original reporting by Cointelegraph