The short version
- Hyperliquid whale liquidation data shows 57,929 ETH and 60.77 BTC, worth $125.4 million, force-closed in 13 seconds at 21:55 UTC on Sunday across three wallets of one trader.
- The trader still holds $113.5 million in BTC and ETH longs in two wallets, about $12 million under water, and is down $63.3 million across all four.
- Next: the smaller wallet’s BTC long breaks at $72,033, 3.9% below, but a 2.4% drop in both coins at once would do it. Follow Base Camp on X for the levels as they move.
Some traders take the hint after one near miss. This one has had three since October and is still at the table. Between 21:55:37 and 21:55:50 UTC on Sunday, Hyperliquid force-closed 57,929 ETH and 60.77 BTC, worth $125.4 million, across three wallets that onchain trackers follow as a single whale.
That Hyperliquid whale liquidation landed in the same minutes as the crash that cleared $1 billion of crypto leverage. It wasn’t the end of the position, though. Two of the trader’s wallets still hold $113.5 million in BTC and ETH longs, about $12 million under water. So where do those break, and how close is the price?
Lookonchain caught the two wallets that went to zero:
This massive $ETH bull got fully liquidated on his 56,667 $ETH ($118.4M) long during the market crash!
He lost $44.78M in total.
x.com/lookonchain/st…
One Whale, Four Wallets and Two Sets of Numbers
The alerts don’t agree, because they count different wallets. Lookonchain followed 0x77dd and 0x0392, which held 56,667 ETH between them and lost all of it. Onchain analyst EmberCN counted those two plus 0x799f and 0x6046, and put the hit at $140 million and 63,000 ETH.
We pulled the fills from Hyperliquid’s API. They show less:
- 0x77dd: 30,642 ETH, worth $63.9 million, closed at 21:55 UTC. Account value: zero.
- 0x0392: 26,025 ETH, worth $54.5 million, same minute. Account value: zero.
- 0x799f: 1,262 ETH ($2.6 million) and 60.77 BTC ($4.46 million) cut. The rest survived.
- 0x6046: nothing liquidated.
That adds up to $125.4 million, not $140 million. The liquidations themselves booked a $28.2 million loss. Counting everything since the first wallets started buying in late August, the four are down $63.3 million, including what is still open. Ember’s $61.41 million is the same idea: $49 million realized plus $12.39 million on paper.
This Hyperliquid whale liquidation wasn’t the trader’s first close call either. Ember flagged a 28,720 ETH liquidation on October 9, and on October 25 counted $396.5 million in the whale’s longs. We last checked 0x6046 in Saturday’s Bitcoin liquidation levels, when its BTC line sat at $67,192.
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Hyperliquid Whale Liquidation Prices: Where Does the Rest Break?
Closer than before Sunday. Bitcoin trades at $74,987 on Hyperliquid at the time of writing and ETH at $2,143, and the two wallets left break at these prices:
The table flatters the whale. Both wallets use cross margin, one pot of collateral behind both coins, and each liquidation price assumes the other coin stands still. It won’t.
Let BTC and ETH fall by the same percentage and 0x799f runs out of margin after about 2.4%, near $73,190 for Bitcoin and $2,091 for ETH. Sunday’s wick, $73,457 and $2,058.50 on Hyperliquid, already clipped it once. 0x6046 can take about 4.2% before it goes, or roughly $71,800 and $2,052.
The same thing explains why 0x6046’s Bitcoin line rose $2,393 since Saturday without the wallet trading. ETH fell, the ETH long lost money, and the pot behind the BTC long shrank.
SIDE TRAIL: Futures and Leverage Explained: Perps, Margin and How Liquidation Really Works
What the Bitcoin Chart Says About Those Levels
Bitcoin’s 200-day moving average sits at $73,182 on Hyperliquid, the average close of the past 200 days, and Sunday’s low stopped just above it. That average is the last support before the first whale line at $72,033. The 50-day is far overhead at $81,670.
ETH has less cover. It sits under its own 200-day average, $2,155 on Binance, and only about $85 above Sunday’s low, the price that took out 0x799f’s first slice.
Funding has turned too: shorts pay longs on ETH now, so holding the trade costs the whale nothing for the moment. The open part of the trade is $113.5 million, and 2.4% stands between the smaller wallet and zero.
VikingXBT has been trading crypto since 2017. The focus is futures, onchain data and automation. Onchain flows get checked before a chart is trusted, and anything repetitive gets automated. VikingXBT built Base Camp's own onchain scanner, which flags bundlers, snipers, dev holdings and wallet clusters in one view, and backtests strategies before trading them.
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