In the cryptocurrency derivatives market, one of the largest liquidations was recorded on the Hyperliquid platform — a position worth over $700 million was forcibly closed. This concerns the account of a well-known trader, Garrett Bullish, who was previously considered one of the most successful participants in the marketplace.

According to data on account activity, in just two weeks, he lost $270 million, turning a historical profit of $142 million into a huge loss.

The current summary for the account — total profit and loss (PnL) -$128 million. It was his large long position that was liquidated for over $700 million.

Earlier, this account became known in October by the nickname "whale 1011," when, according to market discussions, he made significant money on political insights — a story that the trading community describes as "easy come, easy go."

$HYPE