BlockBeats news: On August 25, according to TradingBeats (formerly Hyperinsight) monitoring, the biggest loser in this round of the market—a whale starting with 0x0ddf, nicknamed “pension-usdt.eth”—has now nearly zeroed out its account balance. In the early hours of August 20, it closed a roughly 60-day ETH short position; with a position size of 50,000 coins, the trade recorded a loss of about $23.926 million, making it Hyperliquid’s largest liquidation address in the recent period.

Before this, the giant whale had recorded 23 straight completed trades in profit: from mid-February to mid-June this year, its cumulative profits on BTC, ETH, and other positions were approximately $19.127 million. This single-trade loss was equivalent to 125.1% of the gains from its previous 23-game winning streak—wiping out all of those profits and additionally turning it around to lose about $4.8 million.

This giant whale began building the ETH short position on the evening of June 20, with an average entry price of about $1,648.2. The final average closing price was about $2,126.7. During the holding period, ETH rose by about 29.0%, and the position’s notional value increased to $106 million.

Its initial effective leverage was only about 2.3x. As the floating loss steadily eroded the equity, even the low-leverage position was dragged into liquidation by a contrary market move, and the trader has now fully exited.

In the most recent 100 completed trades, the address recorded 85 wins and 15 losses, for a win rate of 85%. Of those, 93 trades were concentrated on BTC and ETH, with a median holding duration of only about 6.8 hours. This ETH short position, however, was held for over 60 days—making it the most extreme trade in terms of both holding duration and single-trade loss for this trader.

Since last October, this address has recorded 99 transactions with a cumulative net profit of about $39.294 million; after accounting for this loss, its cumulative profits have dropped to about $15.367 million. One transaction has given back 60.9% of the previously accumulated profits.