1661 bottom-fishing at 1600 got buried; four consecutive liquidations triggered an account liquidation—massive long “whales” were turned into “shrimp.” The derivatives market is never short of scripts like this.

CoinWorld News: Today, the largest liquidation on the HyperLiquid platform came from a highly leveraged ETH long whale. The address started going long yesterday, when the ETH price was around $1,661. Immediately after opening the position, it fell into a loss. Affected by the short-term decline of ETH in the early hours of today, falling below $1,600, the whale suffered four consecutive liquidations, with a total of 8,734 ETH forcibly liquidated, equivalent to approximately $14.11 million. Currently, the account funds are less than $150k, and all positions have been cleared.