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Crypto trader loses $24 million in 12 seconds on ETH short, leaves account with $35.61.

From HYPE Near All-Time Highs After Trump Speech — Bull Market Back? · jumps to 1:45:48 · speech

▶ Open at 1:45:48 on YouTube
speech

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Incredible stuff. Incredible stuff. A crypto trader lost $24 million in 12 seconds on a massive short. That might be a world record. The wallet pension USDT dot ETH. I hope that's not like some teachers pension or some shit. I remember I think it was the Ontario teachers union or something like that had their pension on FTX and lost it. They had a 50,000 ETH short position worth 100 million fully liquid liquidated on hyper liquid across five forced trades amid a sharp ETH rally. This left the account with just $35.61 after prior successful successes shorting ETH and BTC, the trader acknowledges the loss noted a hedge was in place and shrugged it off as it happens on to the next. Well, the US Treasury bond buyback announcement fueled the 18th percent ETH surge and over 2.7 billion in broader short liquidations. Imagine a world where this is you. You're up a million, 1.1, 4 million, 5 million, 6, 10, 15, and then you lose it all in one single trade. Unbelievable.
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