According to Lookonchain, a crypto trader deposited $5.08 million into Hyperliquid and shorted Ethereum (ETH) using maximum leverage of 25x, ultimately losing $4.77 million in under 8 hours and reducing his account balance to just $310,000 (source: x.com/lookonchain). This highlights the significant risks of high-leverage trading in volatile markets and underscores the importance of robust risk management for ETH and crypto derivatives traders.

According to Lookonchain, a trader deposited $5.08M into Hyperliquid and used maximum leverage (25x) to short ETH, losing $4.77M in under 8 hours and leaving just $310K remaining (source: Lookonchain Twitter, May 9, 2025). This high-profile liquidation highlights the extreme risks of leveraged ETH shorting during volatile markets. Such large-scale liquidations can lead to rapid price swings and increased volatility, impacting both ETH spot and derivatives trading strategies.

According to Lookonchain, a major trader has deposited additional USDC into Hyperliquid and continued to short ETH using 25x leverage, accumulating a current loss exceeding $2.6 million. The position's liquidation price is set at $2,343.4. This high-risk trading activity indicates increased volatility and potential for sudden liquidation events that could impact ETH price movements on centralized and decentralized exchanges. Traders should closely monitor ETH price levels and order book depth, as large liquidations at the noted threshold could trigger cascading effects across the crypto market. (Source: Lookonchain, x.com/lookonchain/status/1920742501620613354)

According to Lookonchain, trader @izebel_eth successfully timed the market bottom, going long on Bitcoin (BTC) and Ethereum (ETH) using high leverage on the Hyperliquid platform, resulting in an unrealized profit of $1.17 million. The trader entered a long position on BTC at $75,511 with 20x leverage and on ETH at $1,428.86 with 25x leverage, showcasing significant trading acumen and risk management.

According to AltcoinGordon, an investor has opened a $69 million long position with 25x leverage on Butthole Coin via the OXFUN platform, signaling significant bullish sentiment. This move may impact market dynamics and liquidity given the substantial leverage involved.