CRYPTO
Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
CoinDeskThursday, August 20, 2026 at 5:40 AM
RedScroll Brief
The Hyperliquid wallet known as pension-usdt. eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.
RedScroll Signal
- Impact
- High
- Category
- Crypto
- Market relevance
- High
- Why it matters
- Crypto moves are a live stress test of liquidity, regulation, and narrative risk. The Hyperliquid wallet known as pension-usdt. eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind. Watch liquidity and volatility around Trader and Made — crypto markets reprice narrative risk quickly.
Desk copy
RedScroll Briefing
Extractive editorial brief — not a reprint of the original
What happened
The Hyperliquid wallet known as pension-usdt. eth was forced out of a 50,000 ETH short as ether surged, with five liquidation orders helping push the price higher during the unwind.
Why it matters
Crypto moves are a live stress test of liquidity, regulation, and narrative risk.
Background
CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.
Timeline
CoinDesk published: Trader who made $49 million shorting crypto lost $24 million on ether in 12 seconds
Story is in today’s RedScroll edition. Follow the original source for updates.
Economic impact
Watch liquidity and volatility around Trader and Made — crypto markets reprice narrative risk quickly.
More on
Million
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Source
CoinDesk
Original reporting by CoinDesk. RedScroll provides an extractive briefing only.