Large traders with high leverage face full margin calls and unrealized losses: ETH and HYPE long positions reversed overnight

RektRecovery · 2026-01-19T00:56:13+00:00

On January 19th, the market decline caused well-known large traders to have high leverage positions with floating losses of $1 million, abruptly reversing their original floating profit of $1.3 million. All assets performed poorly, especially HYPE, which lost $480,000, reminding other leveraged traders that market risk still exists.

RektRecovery

2026-01-19 00:56:13

Abstract generation in progress

【BlockBeats】On January 19th, a wave of early morning market decline directly impacted the positions of a well-known large trader. According to on-chain data monitoring, multiple high-leverage positions held by this trader entered the red zone collectively, with overall unrealized losses expanding to $1 million. It’s worth noting that these positions previously had unrealized profits of over $1.3 million, and the rapid reversal is astonishing.

Specifically, the situation is indeed somewhat dangerous. First, regarding ETH positions, using 25x leverage to long 10,400 ETH, with a liquidation price of $3,102.12, now has an unrealized loss of $260,000. Next is the HYPE asset, with 10x leverage on 330,000 tokens, a liquidation price of $20.39, and an unrealized loss of $480,000 — the largest loss among several positions. ZEC is also not doing well, with 5,200 long positions at 10x leverage, a liquidation price of $125.70, and an unrealized loss of $236,200. Lastly, the BTC position is slightly less severe, with 11 BTC at 40x leverage, an unrealized loss of $29,300.

Looking at the entire portfolio, leverage multiples range from 10x to 40x, making these aggressive positions particularly vulnerable to market volatility. Especially for high-leverage assets, the risk of liquidation is very real. This also serves as a reminder to other leveraged traders — even experienced big players can face rapid reversals. The market is always full of uncertainties.

ETH-3,48%

HYPE-7,74%

ZEC-4,13%

BTC-1,98%

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FromMinerToFarmer

· 15h ago

Ha, this big player really messed up this time. A 2.3 million reversal overnight. Honestly, that's pretty intense. --- Using 25x leverage on ETH, that’s really bold. The liquidation price is only 3102. How nervous must they be now? --- HYPE is the most loss-making asset, losing 480,000. That’s the price of high leverage. --- How dare they operate like that? It’s no different from playing with fire. --- From a profit of 1.3 million to a loss of 1 million, a full demonstration of a "leverage life."

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SchrodingerProfit

· 15h ago

Oh man, this guy really went all out this time. From earning 1.3 million to losing 1 million, one reversal caused a 2.3 million limit-down drop. That 480,000 gap in HYPE looks painful. The leverage is just too aggressive. High risk, high reward, but also high losses... That's why I've always said not to go all-in. With the liquidation price so close, just one bearish candle and it's gone. Can't sleep peacefully.

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GasFeeCrier

· 16h ago

This is the chosen one. Overnight, I went from earning 1.3 million to losing 1 million. I'm shattered.

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