A certain ETH whale leading the short side suffered a series of liquidations and exited the market, with nearly all of their $31 million position liquidated.

BlockBeats News, March 4th, according to HyperInsight monitoring, due to a short-term surge of over 5% in ETH price, the whale position starting with address 0xa5e4 on Hyperliquid was liquidated in a chain reaction, with the account balance temporarily reduced to only $170,000, and has now completely withdrawn the remaining funds and left the platform. The total loss from this liquidation exceeded $1.5 million, with a liquidation scale of nearly $30 million.

Just 18 hours ago, this address had transferred approximately $1.7 million in principal to Hyperliquid, subsequently opened a short ETH position at an average price of $1940, with a peak position size of $31 million.