PANews reported on May 19 that according to monitoring by on-chain analyst Yu Jin, a trader suffered heavy losses due to high-leverage trading. The final outcome was: 2.96 million USDC was deposited into Hyperliquid on May 17, and only 172,000 USDC was withdrawn after closing the position 3 hours ago. In just 2 days, he lost 2.788 million US dollars through 3 high-leverage operations.

Details of loss-making operations:

• 1. ETH high-multiple short selling liquidation: After transferring in 2.96 million USDC on May 17, 41,851 ETH were shorted with 25x leverage, with a position value of US$103 million; ETH then continued to rise, triggering multiple stop losses, and finally closed the position this morning, with a loss of US$2.46 million.
• 2. Failure of high-multiple BTC long position: After closing the ETH short position, he immediately opened a long position of 166 BTC with 40x leverage, with a position value of US$17.6 million; only 45 minutes later, BTC pulled back, causing the position to be liquidated, resulting in a loss of US$175,000.
• 3. ETH was shorted again, and the floating profit was increased but was blown up: 2,636 ETH were shorted again at $2,444 with 25x leverage; although ETH subsequently fell by $100, the trader used the floating profit increase strategy, causing the liquidation price to continue to move up; when ETH rebounded slightly to $2,410, the position triggered a stop loss, and only 172,000 USDC was left.
• 4. Final result: The trader withdrew 172,000 USDC worth of residual value from Hyperliquid and left the market with a loss of $2.788 million.