Using 5x leverage to short HYPE from $45 to $89 and getting liquidated, this position management gave me PTSD.

ME News reports on May 27th that trader Loracle was liquidated three times after shorting SNDK twice, with a total liquidation of approximately $530k; HYPE rebounded above $62, causing the account to have less than $500 in margin. The address shorted HYPE with 5x leverage, opening at $45.37, with a liquidation price of $89.4, resulting in an unrealized loss of about $30.5 million; additionally, it held a $35.5 million BTC short position with a slight loss. Since opening the position on April 20th, the past week has seen a drawdown of over $22.9 million. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae (BlockBeats)