The excessive liquid liquid protocol suffers from liquidity after one whale has taken a risk -framed position (ETH). Excessive liquid had to take over the ETH 160,000 position and start relaxing it, using the liquidity of the protocol.
ETHEREUM (ETH) mode (ETH) has been a stress test for excessive liquid. The whale opened a wide -ranging place, filtering part of it in the profit, then let the position be filtered.
Excessive liquid had to take over the situation in the amount of $ 1915 per ETH, with a task of completely 160,000 ETH. Because of the market turmoil, the liquid initially absorbed a floating loss of $ 4 million.
The excessive liquid protocol explains that the discharge of liquidity is not exploitation
The protocol denied the drainage of liquidity and liquidity to be deliberate or penetration. Simply use the trader, which allowed him to be long on ETH for a little less than an hour and lock profits. After that, the trader allowed the position to end, while Dex had to absorb losses.
With regard to comment and questions on ETH or Ling for a user 0xf3F4:
To clarify: There was no exploitation of a protocol or penetration.
This user was not verified by PNL, withdrew, lowering the margin, and was filtered. End with $ 1.8 million in PNL. HLP has lost $ 4 million over the past 24 hours. Hlp’s …
Hyperleliid (Hyperliquidx) March 12, 2025
As a result, hyperliverkid will rethink the Bitcoin (BTC) financial leverage levels (BTC) and ETHEREUM (ETH), to discourage the highly dangerous strategy. As a final result, the whale came out of $ 1.8 million, while causing unrealized losses of $ 4 million to the liquid hyper and the task of relaxing the situation.
Funds to cover the position originated from Vauult Vauult Hypileiquide Companed (HLP), which earns funding for other traders. Currently, Vault carries more than $ 408 million in liquidity, but removing the status of the upper whale wipes more than $ 4.2 million in PNL.
HyperLeliquid usually provides a low-basic lever of 3-5X even for Meme symbols, and competes with other stock exchanges by providing the most dangerous deals. The decentralized market depends on societal liquidity and decentralized arrests, and thus lack of regulation or conservative approach to the leverage.
HLP VAULT took bad debts
Trading actions were considered more than simple risks. The strategic withdrawal of the margin device means less than an hour after circulation that the whale has succeeded in achieving gains while leaving the non -exchange debts.
In addition to the whale actions, copy dealers also took similar positions, with varying results. The long situation of the whale in ETH was very risky and intuitive, as it benefits from the last recovery from its lowest local levels.
Excessive fluid reminded merchants that joining the HLP group to reap the negative income from merchants is not a risk -free strategy. The burial still has more than $ 60 million in gains throughout his life.
The biggest fear of liquid is that the whale actions were deliberate, and were amplified by the participation of the copy dealer. For many analysts, the ETH 160K position was deliberate, with the aim of causing HLP cellar for the toxic position. The initial withdrawal of the margin also helped to make the liquidation of the main trader and for anyone who copies the situation.
Take the large long liquidation HLP cellar. The liquidity gathering works by distributing profits and losses to all participants, so liquidity providers will now get a large scale loss to cover the long situation. There are also doubts that the whale may also be a short position to take advantage of the liquidation, although there are no known whales that default ETH at the same moment.
According to what was reported, the trader used a 13x to 19x lever to increase early profits to the maximum. The entire operation was carried out at $ 23 million in basic capital, although the final liquidation was more than $ 306 million.
Soon after the large liquidation news at the account of the HLP gathering, the original noise code has been up to 10 % of its price in a temporary decline.
The noise fell about $ 12.80 before recovering to $ 13.35. The high -level liquidation mode also affected ETHEREUM (ETH). The original fell to 1915.83 dollars, about the levels where the large whale position was filtered. The risky trade may recently affect the largest encryption market, preventing the last ETH rally, which exceeds $ 2000.
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