Whale loses $14.1M in four liquidations on ETH long position

An anonymous whale address starting with 0x1cb0b lost $14.11 million after being liquidated four consecutive times on an Ethereum (ETH) long position on Hyperliquid (HYPE), Hyperinsight reported. The address began opening the position yesterday at an average entry price of $1,661 and was immediately at a loss. When ETH briefly fell below $1,600, the position was forcibly liquidated four times, resulting in a total loss of 8,734 ETH. The address now holds less than $150,000 in stablecoins.