December ETH Price Prediction · Posting Challenge 📈
With rate-cut expectations heating up in December, ETH sentiment turns bullish again.
We’re opening a prediction challenge — Spot the trend · Call the market · Win rewards 💰
Reward 🎁:
From all correct predictions, 5 winners will be randomly selected — 10 USDT each
Deadline 📅: December 11, 12:00 (UTC+8)
How to join ✍️:
Post your ETH price prediction on Gate Square, clearly stating a price range
(e.g. $3,200–$3,400, range must be < $200) and include the hashtag #ETHDecPrediction
Post Examples 👇
Example ①: #ETHDecPrediction Range: $3,150–
Report: Outdated Algorithm Causes an Additional Loss of $650 Million for Hyperliquid Platform
【Report: Outdated Algorithms Cause Hyperliquid Platform to Lose an Additional $650 Million】It has been two months since the crypto market crash on October 10, which resulted in the liquidation of $19 billion in positions. Gauntlet CEO Tarun Chitra pointed out that common automatic deleveraging (ADL) mechanisms led to significant losses on Hyperliquid. In a lengthy article, Chitra stated that over $650 million was automatically deleveraged from profitable traders’ positions. He said this amount is 28 times the potential bad debt faced by the relevant exchanges. This “massacre of the innocent,” reportedly could have been prevented with new ADL algorithms, which are detailed in a 95-page report. Chitra defines automatic deleveraging (ADL) as an “ultimate safety net” — a mechanism that offsets bad debt from undercollateralized positions by “reducing the position value” of profitable traders. This “queue algorithm”, which has been used for ten years, is currently widely adopted by several perpetual contract platforms including CEX, Hyperliquid, and Lighter.