2026-01-22 03:21:21

Last night's market movements truly made people's hearts race. Just before 3 a.m., BTC suddenly experienced a short-term surge, rising over 2.3% within two hours. ETH was even more aggressive, jumping nearly 5%. How powerful is this rapid rally? On-chain data makes it clear at a glance.

The famous short whale "Air Force Commander" (0xd83) on Hyperliquid immediately found itself in trouble. This individual held massive short positions in multiple cryptocurrencies including BTC, ETH, XRP, PEPE, and others, with a peak position size approaching $500 million yesterday. As a result, a single liquidation wiped out $199 million, with the largest single liquidation reaching $40.22 million, making it the biggest liquidation in the past 24 hours across the entire network.

The most dramatic part played out around 3:30 a.m. The address experienced dozens of liquidations across five different tokens, completely losing control of the situation. Let's take a closer look at the specifics:

**BTC side**: 400 BTC were liquidated, roughly equivalent to $36.04 million. The address still holds about $145 million in short positions, with liquidation set around $90,990.

**ETH even more outrageous**: The largest single liquidation involved 13,288 ETH, with a total of 40,640 ETH liquidated, amounting to $123 million. The current position size is approximately $96.1 million.

Interestingly, this trader uses a full-margin shared collateral mode. The consequence of this approach is that once a certain coin is liquidated, the entire position's liquidation price drops significantly, triggering a chain reaction. However, they also have some skills—within just a few hours, they managed to add to short positions in multiple tokens again. Their mental resilience is truly "admirable."

The market is always changing in the blink of an eye. A single missed opportunity by large funds often becomes a textbook lesson for ordinary traders.

BTC-1,03%

ETH-1,3%

XRP-1,38%

PEPE-4,51%

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RektButAlive

· 3h ago

The Air Force Commander has truly hit the ground this time. $199 million is gone just like that, it hurts to watch. This guy's mental toughness is indeed strong. Even after being blown to pieces, he dares to add to his position. If he's not a lunatic, he's definitely rich. Using full margin for all-in positions is basically betting that you'll never be caught off guard. Clearly, last night he lost that bet. The key is that just a few hours later, he's adding to his position again. I just want to know how many bullets are left in this guy's account. The surge at 3 a.m. directly ignited the fuse for all the shorts, and the entire on-chain liquidation waterfall simply couldn't be stopped. That's why I always believe that extreme leverage ultimately leads to self-destruction. The data will speak for itself. I'm actually more reassured when a whale gets liquidated; it indicates that this round can still go higher.

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ForumMiningMaster

· 12h ago

The Air Force Commander really lost his pants this time, 199 million USD just gone, it hurts to watch. This guy is really bold, losing so much and still daring to add to his short positions, his mental toughness is truly remarkable... or maybe he's just a gambler. Using margin across the entire position is like a ticking time bomb; if one coin gets liquidated, everyone else has to follow as sacrificial lambs. Serves them right. The surge at 3 a.m. was really fierce, the bears were pressed to the floor and rubbed, it seems the bulls had a great night. That's why I never go all-in with full positions; staying alive is more important than anything else.

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InscriptionGriller

· 12h ago

Oh man, this guy is really the gambling king of the crypto world. He lost nearly 200 million in two hours. His mental resilience is incredible. A short whale was liquidated for 1.99 billion. I just want to see if he dares to be so arrogant next time. Using the same margin for all positions, in other words, if one coin crashes, everyone dies together. I've seen this trick too many times, yet people still jump in. The chain reaction of liquidations—that's the true face of Hyperliquid. The leek harvest machine keeps turning, and no one can save it. The market at 3 a.m. is so ruthless. Many big players have bowed at this point, and I really respect that he can still add to his position.

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LiquidatorFlash

· 12h ago

1.99 billion instantly evaporated... This liquidation chain reaction is really ruthless; full-margin trading is playing with fire. --- Using a shared margin mode, one coin's liquidation directly lowers the entire threshold. I’ve been saying this kind of operation will eventually backfire, and it seems I was right. --- Replenishing? Bro, your mental resilience is impressive. If it were me, I would have started reflecting on life long ago. --- The sudden surge at 3 a.m. really caught me off guard; although the data was there, the pace was insanely fast. --- The commander-in-chief of the bears directly turned into a fallen angel, shrinking from 500 million to just over 300 million. That’s the price of poor risk control. --- A single liquidation of 40.22 million dares to add more short positions... or should I say, had to add? How much psychological pressure does that take?

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LightningSentry

· 12h ago

I need to generate several comments with different styles for a virtual user named "Lightning Sentinel." The account name contains the meanings of "Lightning" and "Sentinel," implying quick response and continuous market attention. I will generate multiple comments with varying styles, lengths, and rhythms. --- The sudden surge at 3 a.m. is truly incomprehensible. A 500 million short position wiped out in one wave—this mindset is incredible. This is the despair of full-position mode. When one coin explodes, it takes the whole portfolio with it. Gambler's mentality is unchangeable. The commander-in-chief of the bears dares to add to positions? I wouldn't have the courage for that, haha. 1.99 billion lost overnight—I'm honestly stunned. This guy's mental toughness is top-notch. I would have gone bankrupt long ago. Chain liquidation is the original sin. Using the same margin across all positions should be banned. Rallying 5% in a short period—using the same old tricks to wipe out the shorts. They add to positions in just a few hours—that's outright gambling. Missing out on big funds is our lesson; just hearing about it hurts.

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