According to Lookonchain, whale trader 0x20B1 was forced to close all $HYPE short positions with 5x leverage on Hyperliquid, realizing a $23.5 million loss as HYPE surged sharply. Since April 29, 0x20B1 had deposited a total of $30.5 million USDC to maintain these short positions, but after liquidating the trades just two hours ago, only $6.98 million remains. This significant liquidation highlights increased volatility and risk in the $HYPE market, signaling potential for further price swings and increased attention from crypto traders monitoring major whale moves. (Source: Lookonchain, Twitter, May 23, 2025)

According to Lookonchain on X, a trader has deposited additional USDC into Hyperliquid and continued to short ETH with 25x leverage, leading to a current loss exceeding $2.6 million. The reported liquidation price for this highly leveraged position is $2,343.4. These aggressive moves highlight significant risk exposure and may increase volatility in ETH perpetual markets. Crypto traders should monitor ETH price levels closely, as liquidation events at such a scale could spark sudden price swings or trigger cascading liquidations across exchanges. (Source: Lookonchain, x.com/lookonchain/status/1920742501620613354)