HYPE faces massive liquidation wave: single liquidation exceeds 10 million, long positions hit new highs in unrealized losses

2025-12-18 02:44:11

Abstract generation in progress

【BlockBeats】On December 18, a wave of chain reactions in the derivatives market triggered a series of liquidations. According to on-chain data monitoring, the largest single liquidation event in the past 24 hours occurred on Hyperliquid Exchange, with a scale of $11.08 million—caused by a massive long position in HYPE from an address starting with 0xbad being forcibly liquidated.

This address’s experience is even more tragic. Just this morning, it underwent three consecutive large-scale liquidations, with a total of approximately $26.3 million in positions forcibly closed, and accumulated losses reaching $8.0029 million. Currently, this address still holds a long position in HYPE worth $26.81 million, with an average entry price of $31.2, but unrealized losses have already expanded to $7.7 million, with a paper profit/loss ratio of -143.6%. The most heartbreaking part is that the next liquidation price is just around $23.6, not far from the current price.

Another “heavyweight” long position in the HYPE market is in an even worse situation. This whale, claiming to be “long-term bullish on HYPE,” holds a position of up to $33.61 million, with an average price of $38.6. Currently, unrealized losses have reached an astonishing $19.77 million—an unrealized loss ratio of -294%. The liquidation price is set at $20.65. If the price continues to decline, this address also faces significant risk.

It is worth noting that this whale opened a large long position on October 23, the day before Robinhood officially announced the launch of HYPE spot trading. From being optimistic at that time to now suffering deep losses, the market’s harshness is evident.

HYPE-0.15%

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DegenWhisperer

· 12-20 07:28

0xbad address this wave is really tragic, with over 20 million floating loss and still holding on. This is the gambler's mentality. The liquidation price of 23.6 is not far from now. If you hit it again, this guy will be completely gone. HYPE's recent bullish wave has all the troops wiped out. Leverage really is against the heavens. Watching others get liquidated and learning some lessons is not a bad idea. Next time, just don't go all-in. This is the magic of leverage. Originally aiming for 10x profit, but in the end, all is lost with a counterattack.

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BearEatsAll

· 12-19 16:53

0xbad this guy is really ruthless, over 8 million just gone... and I still have to hold a position close to 30 million waiting for death. How strong must his mental resilience be? Wait, no, why do I feel like this might actually be a buying opportunity? Or am I crazy, the more green it gets, the more I want to add to my position? With the liquidation price so close at over 20 million, this brother must be gambling with his life. Long-term bullish, but this is really painful right now, floating loss of 143.6%. This number is so outrageous I don't even want to look at it a second time. Hyperliquid's liquidation wave is really fierce, single transactions breaking 10 million, the entire market is cracking apart.

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JustHereForMemes

· 12-18 16:57

Oh my god, this guy went all-in directly, huh? Over 10 million USD just gone like that. The address 0xbad is also perfectly named. Serves him right.

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memecoin_therapy

· 12-18 03:12

Oh my, this 0xbad really is bad luck personified. Losing over 8 million just this morning is unbelievable. --- Those who have been long-term bullish are all dead. Is this the story of HYPE? --- And the liquidation price at 23.6 is still waiting, so exciting. --- The recent wave of liquidations on hyperliquid is really fierce. A single position of over 10 million was liquidated, it's painful to watch. --- A return of -143.6%... How is this even possible? Truly incredible. --- The longs were collectively smashed this time. It feels like it will continue to fall. --- Addresses starting with 0xbad really should be called bad luck, haha. --- Holding over 26 million still hanging in there. The next cut will be the end, is this just stubbornness? --- Long-term bullishness has now turned into long-term losses. How ironic. --- With this scale of liquidation, it feels like it's not over yet.

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ContractFreelancer

· 12-18 03:12

Wow, 0xbad is really incredible. After three liquidation rounds this morning, he wiped out over 8 million. Now he's still holding onto a long position of 26 E... How persistent can one be? This is the joy of trading contracts—wake up and it's all gone. How many people got liquidated during this HYPE wave? It hurts just looking at it.

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MEVSandwichMaker

· 12-18 03:08

Ha, that 0xbad address is really incredible, with a loss rate of 143.6%. How much would it take to bottom out? Haha --- It's HYPE again. Why does someone always get wiped out every time the market moves? Leverage really is the devil. --- Over 20 million invested, now only a negative balance left. I just want to ask, how did this guy fall asleep? --- The derivatives market is like this. A wave of liquidations takes away a batch of dreamers, and tomorrow someone will jump in again. --- Looking at the 23.6 liquidation price, it feels like a small drop would be the end. How much pressure is that? --- As the liquidation wave arrives, bulls bleed out, and bears are secretly laughing in the corner.

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ChainPoet

· 12-18 03:00

Oh man, 0xbad really outdid himself. He was liquidated three times just this morning. How much can he withstand? Damn, over 10 million USD in a single liquidation. Is this the sound of a dream shattering? -143.6%. I don't even dare to look at this number. The next liquidation price is right in his face, and he's still holding on? I don't understand. HYPE has indeed gone crazy this round. Bulls are dying left and right, with injuries all around. Who dares to take this position? At times like these, it’s all about who truly has a long-term bullish outlook and who is just talking the talk.

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ParanoiaKing

· 12-18 03:00

Oh my god, this guy is really called bad luck... Losing 8 million a day, and still anxiously waiting for the next liquidation price, how strong must that mentality be? This wave of Hyperliquid liquidations really can't be stopped; those who chased the high with the trend got eaten. Contracts are just a gambler's playground; losing money really leaves no room for mercy. The liquidation price at 23.6 feels dangerously close; next time I see a margin call news, it’s probably this guy again. I can't see through this market trend, I might as well lie low; anyway, leverage isn't really a good thing.

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