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Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds

CoinDesk · Aug 20, 2026

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$ETH
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Risk contextUnknownOperational, security or regulatory context
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The Hyperliquid wallet known as pension-usdt.eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.

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