{"id":36114,"date":"2025-07-10T07:46:49","date_gmt":"2025-07-10T07:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36114"},"modified":"2025-07-10T07:46:49","modified_gmt":"2025-07-10T07:46:49","slug":"hyperliquid-trader-fumbles-26m-eth-short-profit-faces-716k-loss-after-doubling-down","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36114","title":{"rendered":"Hyperliquid Trader Fumbles $26M ETH Short Profit, Faces $716K Loss After Doubling Down"},"content":{"rendered":"<div>\n<p>An ether (ETH) trader known only by their wallet address became the subject of on-chain attention after a massive short position flipped from deep unrealized profit to a loss in a matter of days.<\/p>\n<p>According to data from Lookonchain, wallet address 0xCB92 opened a 50,000 ETH short position on Hyperliquid, which at one point showed an unrealized profit of over $26 million. <\/p>\n<p>But rather than closing the transaction, the trader held on \u2014 even adding another 10,000 ETH to the short position even as the price rose. A short position is, in effect, a bet <a href=\"https:\/\/www.investopedia.com\/terms\/s\/short.asp\">the price will fall<\/a>. If it rises, the trader loses out.<\/p>\n<p>The decision turned out to be costly. As ETH surged, the position was stopped out, and Lookonchain reported the trader realized a loss of $716,000 as of Thursday.<\/p>\n<p>The position might have been a hedge against a long position as part of a broader strategy, though the tracked wallet held only a short position.<\/p>\n<p>The moves are reminiscent of infamous trader \u2018James Wynn,\u2019 whose on-chain antics drew eyes to Hyperliquid among mainstream circles.<\/p>\n<p>In May, Wynn built a record-setting $1.25 billion notional long position in bitcoin (BTC) at an average price of $108,243, only to see it collapse as the fell below $105,000 after U.S. President Donald Trump\u2019s <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/24\/crypto-bulls-lose-500m-as-bitcoin-hovers-around-108k-after-trumps-tariff-threats\">tariff announcement on EU exports<\/a>.<\/p>\n<p>Multiple liquidations, including a 527 BTC position worth over $55 million and a 421 BTC position worth nearly $44 million, wiped out more than $100 million of Wynn\u2019s holdings over a few days, leaving many wondering if they were witnessing a full-blown gambling addiction.<\/p>\n<p>Wynn has since not opened any trades similar to his May one. Wallet 0xCB92 may be the one stepping up to take the baton.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An ether (ETH) trader known only by their wallet address became the subject of on-chain attention after a massive short position flipped from deep unrealized profit to a loss in a matter of days. According to data from Lookonchain, wallet address 0xCB92 opened a 50,000 ETH short position on Hyperliquid, which at one point showed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36114","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36114"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36114\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}