Hyperliquid Trader Loses $26M As Ether Short Unwinds In Seconds

A whale trader using the ENS-linked address pension-usdt.eth was liquidated on Hyperliquid after a massive Ether short position unraveled in just 12 seconds. The position was large: 50,000 ETH, worth about $108 million in notional exposure. As prices spiked, the short was unwound between 04:51:03 and 04:51:15 UTC, leaving the trader with a reported loss… Continue reading Hyperliquid Trader Loses $26M As Ether Short Unwinds In Seconds

Mike Novogratz Points to Leverage as Driver of June Crypto Market Correction

TL;DR Galaxy Digital CEO Mike Novogratz identified excessive leverage as a key factor behind the June crypto drawdown. The view fits with a market environment where derivatives positioning can amplify spot-market weakness. Risk note: Do not add dramatic price targets or overstate the quote beyond the original wording. For more details, visit the official Galaxy… Continue reading Mike Novogratz Points to Leverage as Driver of June Crypto Market Correction

Bitcoin’s June Bloodbath Explained: Causes, Market Impact, And Outlook

Bitcoin’s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region. According to the renowned… Continue reading Bitcoin’s June Bloodbath Explained: Causes, Market Impact, And Outlook