CoinVoice has recently learned that, according to Lookonchain monitoring, a trader opened a short position on ETH with 50x leverage on the Hyperliquid platform, and the current loss has reached 1.2 million dollars.

The opening price of this short position was 3429.45 dollars, and if the ETH price reaches 4843.9 dollars, this position will be forcibly liquidated. [Original link]