Jun 17, 2025
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HyperLiquid Trader Loses $2.5 Million After Bitcoin Price Decline
A trader on the decentralized derivatives exchange HyperLiquid has shifted from an unrealized profit of $10 million to a loss of $2.5 million after entering a long position in Bitcoin at $106,000. The price peaked at $108,800 before falling to around $104,000.
Key points:
- Bitcoin volatility has been low, ranging between $100,000 and $110,000.
- Despite low volatility, derivatives traders are increasingly using leverage, leading to losses.
- This is not AguilaTrades' first significant loss; last week they lost $12.5 million after previously being up $5.8 million.
- Bitcoin remains above $100,000 amid geopolitical tensions typically harmful to risk assets.
- Trading strategies focused on buying support and selling resistance would have been more effective during this range-bound period.
