Data: A major short-selling whale on ETH was liquidated after a series of liquidations, with nearly all of its $31 million positions wiped out.

According to ME News, on March 4th (UTC+8), a whale position on Hyperliquid, starting with the address 0xa5e4, was liquidated due to a brief surge of over 5% in ETH prices. The account balance was reduced to a mere $170,000 at one point, and the remaining funds have since been withdrawn. This liquidation resulted in a total loss of over $1.5 million, with the total liquidation amounting to nearly $30 million. This address had transferred approximately $1.7 million to Hyperliquid 18 hours prior, subsequently opening short positions in ETH at an average price of $1940, reaching a peak position size of $31 million. (Source: ME)