Large traders lost $4.16 million in a week, while holding ETH long positions still remain in profit

SerumDegen · 2026-01-21T15:58:10+00:00

A well-known large trader suffered a heavy blow on the Hyperliquid trading platform, with a loss of $4.16 million this week, bringing the total profit and loss to $24.5 million. Although they still hold an ETH long position worth $1.7 million, their gains are insignificant compared to the weekly loss, highlighting the severe challenge that high-leverage platforms pose to traders' risk management capabilities.

SerumDegen

2026-01-21 15:58:10

Abstract generation in progress

【ChainWen】A well-known large trader suffered a heavy loss this week during trading on Hyperliquid, with a weekly loss of $4.16 million. Even more heartbreaking is that his overall profit and loss record has fallen to a new low—total losses reaching $24.5 million.

However, he still holds some capital: a $1.7 million ETH long position currently has an unrealized profit of $6,800. This gain, compared to the weekly loss, is negligible. It seems that even big-money players need to carefully predict in derivatives trading; otherwise, a small mistake can lead to huge drawdowns. Platforms like Hyperliquid with high leverage indeed test traders’ risk control capabilities.

ETH1,29%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
4
Repost
Share

Comment

0/400

gaslight_gasfeez

· 5h ago

Damn, 4.16 million lost, this guy is really brave --- The fate of trading, going all-in and clearing the market, I'm also stunned --- Over 1.7 million in positions with a floating profit of 6,800? How can he still have the face to say that --- Still dare to play with high leverage, serves him right, brother --- Accumulated loss of 24.5 million, how strong must his heart be to continue trading --- Hyperliquid is indeed incredible, a place that eats people without leaving bones --- Another big player eaten by derivatives, the story is over --- The phrase "a drop in the bucket" is used perfectly, reality is so heartbreaking --- Even big funds have to kneel, risk control = life, everyone

View OriginalReply0

BearMarketNoodler

· 5h ago

$24.5 million pit, this guy really dares to play Big money can't even save broken risk control, to put it plainly, that's what it's about That little ETH unrealized gains versus losses are purely to comfort oneself Hyperliquid this kind of platform, indeed a meat grinder

View OriginalReply0

MergeConflict

· 5h ago

$41.6 million lost in a week, how much can this guy play? This is the result of high leverage; poor risk control really leads to quick death. Only a floating profit of $6,800 on $1.7 million worth of ETH? That's a drop in the bucket, better to save some peace of mind. Derivatives trading is like this; even large funds can't save you. Hyperliquid is really exciting, but also really fierce. A loss record of $24.5 million, it hurts just to look at it. No matter how rich, you can't play like this, haha. Does this guy dare to open a position again? I'm truly impressed.

View OriginalReply0

LonelyAnchorman

· 6h ago

Oh no, even the so-called big players are crashing, losing 4.16 million directly... The phrase "a drop in the bucket" is used perfectly here; a 1.7 million ETH position only has a floating profit of 6,800. I can't help but laugh out loud. High leverage is like this—one second a millionaire, the next a beggar. Without proper risk control, you really can't play this game.

View OriginalReply0