Two Major Ethereum Whales Liquidated for $841 Million on Hyperliquid

Two Major Ethereum Whales Liquidated for $841 Million on Hyperliquid

Hyperliquid saw additional whale liquidations as Bitcoin price swings triggered losses, with several large short positions hovering near critical liquidation thresholds.

BTC
ETH
HYPE

Fact Check
The assessment is "likely_true" with high confidence based on strong, direct evidence from the most authoritative source provided. The Hyperliquid platform's own trade history serves as primary, on-chain evidence confirming the core of the statement: a massive 'Market Order Liquidation' of an Ethereum (ETH) position did occur on the platform. This single piece of evidence substantiates the most critical parts of the claim (a major liquidation, involving Ethereum, on Hyperliquid).This is further supported by high-authority secondary sources. A Yahoo Finance article confirms a general spike in liquidations on Hyperliquid, mentioning both Bitcoin and Ethereum, which establishes that a significant market event was taking place. Similarly, the crypto-tracking service Whale Alert reports on a sell-off in ETH causing heavy liquidations and specifically mentions Hyperliquid. These sources corroborate the event's context and plausibility.While the specific details of the total amount being exactly "$841 million" and originating from precisely "two accounts" are not explicitly confirmed by the highest-authority sources, their absence does not constitute a contradiction. The primary data confirms at least one massive liquidation, and the total figure is plausible given the scale of the event described. No source provided contradicts these specific figures. The remaining sources are either of very low authority or entirely irrelevant, offering no evidence for or against the claim. The strength of the primary and corroborating evidence makes the statement highly credible.
Summary

On Feb. 2, HyperInsight reported further whale liquidations amid Bitcoin volatility. Nine major traders shorted BTC with leverage, facing liquidation prices between $77,000 and $80,000. Following a rebound, these positions now show losses, with five whales still holding shorts near $78,000 liquidation lines. This adds to recent large-scale exits, including Hyperliquid’s largest BTC and ETH short trader, who lost over $20 million and withdrew remaining funds after multiple January liquidations.

Terms & Concepts
  • Liquidation: The forced closure of a trader's position when losses exceed the available margin, often occurring in leveraged trading.
  • Hyperliquid: A cryptocurrency derivatives exchange offering leveraged trading across multiple digital assets.
  • Whale: An individual or entity that holds a large amount of cryptocurrency, capable of influencing market movements.