A prominent ETH bear whale suffered a series of liquidations and subsequently exited, liquidating nearly all of their $31 million position

BlockBeats News, March 4th, according to Hyperliquid monitoring, influenced by a short-term over 5% surge in ETH price, the whale position starting with address 0xa5e4 on Hyperliquid was liquidated in a chain reaction, and the account balance was once left with only $170,000, which has now withdrawn all remaining funds and exited. The total loss from this liquidation exceeded $1.5 million, with a liquidation scale of nearly $30 million.

18 hours ago, this address transferred approximately $1.7 million in principal to Hyperliquid, then opened a short ETH position at an average price of $1940, with a peak position size of $31 million.