Big whale liquidated with $25.83 million and immediately re-entered the market: Hyperliquid's high-risk game

RumbleValidator · 2026-01-19T02:12:13+00:00

On January 19th, a whale experienced a liquidation of $25.83 million on the Hyperliquid platform, marking the largest single liquidation event within 24 hours. The whale increased its position to 40x leverage long positions when BTC was falling, ultimately incurring a paper loss of about $1.1 million, but then switched to 169 ETH for a new round of operations, continuing the gamble.

RumbleValidator

2026-01-19 02:12:13

Abstract generation in progress

【BlockBeats】On January 19, a whale address experienced a thrilling liquidation on Hyperliquid.

According to on-chain data monitoring, BTC briefly dropped over 3.5% in the morning, and this large holder was directly wiped out. The largest single liquidation was $25.83 million, making it the biggest single liquidation event in nearly 24 hours across the network.

The story begins last Friday. This whale started transferring ETH spot holdings from the chain to Hyperliquid and continued selling, while opening a 40x leveraged long position on BTC when the price was around $95,600. He kept adding to his position, with BTC long holdings once reaching 350 coins, and the account size approaching $33.46 million.

As the market declined, this guy kept holding—continuing to transfer ETH and sell, trying to lower the liquidation price. Unfortunately, it didn’t work. The BTC long position was fully liquidated, with an unrealized loss of about $1.1 million.

Interestingly, after the liquidation, he didn’t admit defeat. He immediately transferred in 169 ETH to the platform, sold it, and reopened a position with the same 40x leverage. The new position size was $38.7 million, with an average price of about $92,600, and a liquidation price set at $91,400.

Now, this whale has become the third-largest BTC long holder on the Hyperliquid platform. Will he continue to gamble, or is this the time he finally wins?

BTC-2,62%

ETH-3,47%

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