Hyperliquid Traders Face Massive Losses from High-Leverage Bets

Recent market volatility has significantly impacted traders on Hyperliquid, with notable losses among high-leverage traders.

The cryptocurrency market experienced a sharp decline, with Bitcoin falling by 16.7% and Ethereum dropping 28% over the past month.
High-leverage trader James Wynn faced substantial losses, moving from $87 million in profits to $21.9 million in losses.
Machi Big Brother lost approximately $14.9 million, while another trader saw losses of $180,000 after turning an initial $125,000 into $43 million profit.
A prominent trader with a previous 14-win streak suffered a $30.2 million loss.
Other significant losses include Aguila Trades ($37.6 million), Gambler @qwatio ($28.8 million), and the largest Hyperliquid loser ($45 million).

Current Actions of Hyperliquid Traders

Whale positions on Hyperliquid total $5.8 billion, split between $2.7 billion in longs and $3.1 billion in shorts.
The BTC long/short ratio is 56%/44%, and ETH traders show a bullish sentiment with 55.9% favoring upward momentum.
Abraxa Capital opened a $174 million short position on ETH at an entry price of $3,527 and a $128.4 million short on BTC at $111,616.
Abraxa Capital currently holds $17.2 million in unrealized profits.