Whale Hyperliquid incurred a loss of 15 million dollars when betting against the market.

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A trader with high leverage on Hyperliquid, Qwatio, has been liquidated 8 times in a row after betting on a bearish crypto market. While the crypto market rose by 1.78% thanks to a trade agreement between America and Vietnam, Qwatio's short positions suffered heavy losses. Bitcoin increased by 2.5% to $108,766, while Ethereum rose by 5.8% to $2,568.

Data from Lookonchain shows that Qwatio has lost over 15 million dollars in the past 10 days. He has been liquidated 8 times in 5 hours, with a total of 1,177 BTC and 34,466 ETH wiped out. At the same time, another trader, 0xFa5D, also lost over 6.8 million dollars. These incidents highlight the risks of high-leverage trading in the crypto market.

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