COINOTAG News, citing Onchain Lens data on November 20, reports that the second-largest ETH long-position liquidation on HyperLiquid has been fully unwound. The ETH long, executed with 6x leverage, closed with a realized loss of $10.28 million. In the aftermath, the same participant opened a short ETH 6x leverage position, holding about 3,022 ETH (roughly $9.12 million in notional).

This on-chain sequence illustrates how high-leverage trades update risk metrics in real time for cryptocurrency markets. Investors should watch margin dynamics on venues like HyperLiquid and corroborate moves with data from Onchain Lens to assess liquidity risk and potential squeeze pressure. While the facts remain non-speculative, the episode underscores disciplined risk controls and the importance of diversified exposure in volatile ETH environments.