黄立成（麻吉）’s 540-Ether Long Is Liquidated; 16,610.96 USDC Moves to Papertrade

A 540 Ether (ETH) long position held by 黄立成（麻吉） on Hyperliquid was fully liquidated Nov. 9 during a sharp drop in the crypto market. The trader then transferred the account’s remaining 16,610.96 USDC to a Papertrade account.

A long position is a trade based on an asset’s price rising. At publication, the Papertrade account held multiple leveraged Ether contracts, with leverage reaching as high as 100x.

The event follows the trader’s reopening of long positions in Ether, HYPE and Bitcoin (BTC) on Hyperliquid on Oct. 30, after an Ether position was liquidated. Those positions totaled $5.88 million after a 250,000 USDC deposit. The Ether long had a $2,161 liquidation price, about $86 below Ether’s price at the time.

On Oct. 24, the account had been liquidated five times within one hour, leaving about $5,000. At the time of the Oct. 30 positions, the trader’s cumulative Hyperliquid trading volume over the prior 18 months was $15.86 billion, with losses totaling $37.05 million.