- Wallet 0xb15b deposited 1.25M USDC 9 days ago and shorted ETH perpetuals on Hyperliquid — liquidated 13 times
- Total of 18,080 ETH ($43.9M notional) liquidated across 13 events — net loss stands at $1.14M per Lookonchain
- Liquidation prices clustered between $2,346 and $2,472 — each level ETH moved through, not rejected
- All data verified on-chain via hypurrscan.io; wallet remains active as of time of writing
BREAKING
A single trader on Hyperliquid has accumulated one of the most documented liquidation records in recent ETH perpetuals history — not from a single catastrophic position, but from the same directional bet placed repeatedly against a market that refused to cooperate.
Wallet 0xb15b229203c383abf143b409e53315788e18dbae, flagged by Lookonchain, was created nine days ago with an initial deposit of 1.25 million USDC. The trader immediately began shorting ETH perpetuals on Hyperliquid — and has been liquidated 13 times since, with a total of 18,080 ETH ($43.9 million notional) liquidated and a net loss of $1.14 million.
The Liquidation Record — 13 Events in 9 Days
On-chain data verified via hypurrscan.io shows the full liquidation timeline. The most recent events occurred within hours of each other — 420.49 ETH liquidated at $2,379.67 and 525.61 ETH liquidated at $2,375.47, both within a 110-minute window. Larger liquidations of 3,070 ETH at $2,472.07 and 1,770 ETH at $2,432.10 occurred during earlier episodes seven and nine days ago respectively.
| Metric | Value |
|---|---|
| Wallet created | 9 days ago |
| Initial deposit | 1.25M USDC |
| Times liquidated | 13 |
| Total ETH liquidated | 18,080 ETH |
| Total notional liquidated | $43.9M |
| Net loss | $1.14M |
| Platform | Hyperliquid (perpetuals) |
Source: hypurrscan.io on-chain liquidation records
The pattern here is not a single oversized position gone wrong. It is the same directional thesis — short ETH — re-entered after each liquidation event, each time meeting the same outcome. The $1.14 million net loss relative to $43.9 million in notional liquidations indicates the trader was operating with significant leverage, with each position consuming only a fraction of capital before being stopped out.
Why Repeated Short Positions Keep Getting Liquidated
On Hyperliquid’s perpetuals market, a short position is liquidated when ETH’s price rises enough to erase the margin posted. At high leverage, even modest upward price movements — visible in the liquidation prices clustering between $2,346 and $2,472 — are sufficient to force automatic closure. The trader’s decision to re-enter after each liquidation, rather than close exposure and reassess, is what transformed a single bad trade into a 13-event sequence.
What This Signals About ETH Market Structure
The repeated liquidations are not incidental — they reflect ETH’s price resilience across the period in question. Every liquidation represents a price level ETH not only reached but sustained long enough to trigger automatic closure of a short position. The clustering of liquidation prices between $2,346 and $2,472 shows ETH held and extended through each of those levels rather than reversing.
For context on where ETH stands relative to broader market dynamics, key macro levels across major assets heading into FOMC remain relevant — ETH price behavior during this liquidation sequence occurred against a backdrop of macro uncertainty that typically suppresses risk assets.
The fact that a sophisticated enough actor to deploy 1.25 million USDC in a single wallet was caught on the wrong side 13 consecutive times is itself a data point about directional conviction in the ETH market during this window. Persistent short pressure from traders like 0xb15b creates forced buying at each liquidation — a structural, mechanical bid that reinforces upward momentum regardless of the underlying narrative.
Is This an Isolated Event?
Serial liquidations of this scale are uncommon but not unprecedented on Hyperliquid, which has become the dominant venue for high-leverage crypto perpetuals. What distinguishes this case is the duration — nine days across 13 separate events rather than a single session blowup — and the consistency of the directional error. Most large liquidations occur during a single price spike. This sequence spans multiple distinct market sessions and price levels.
The wallet remains active. Whether 0xb15b re-enters a 14th short position can be tracked in real time at hypurrscan.io.
For broader context on how large on-chain positions interact with price action — including institutional-scale movements — see how Marathon Digital’s 4,860 BTC movement this October illustrates on-chain data as a leading indicator.
Wallet 0xb15b deposited 1.25 million USDC nine days ago and has since had 18,080 ETH — $43.9 million notional — liquidated across 13 separate events, producing a $1.14 million net loss. Every liquidation price between $2,346 and $2,472 marks a level ETH moved through rather than rejected. The metric to track now is simple: whether a 14th short position appears on hypurrscan.io.
Frequently Asked Questions
How did wallet 0xb15b lose $1.14M on Hyperliquid?
What does 18,080 ETH liquidated mean — did the trader lose all $43.9M?
Why did ETH short positions keep getting liquidated at those price levels?
Where can I track wallet 0xb15b’s current positions?
Source: Lookonchain · Published by CoinsProbe Markets Desk
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