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

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

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.

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

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/08/20/trader-who-made-usd49-million-shorting-crypto-lost-usd24-million-on-ether-in-12-seconds