Forwarded from Ahboyash Reads
https://x.com/lookonchain/status/1899722716971684200
The "insider" trader seems to be exploiting vulnerabilities in Hyperliquid's system, particularly affecting the HLP (Hyperliquidity Provider) vault.
The trade
- Build a massive position: the trader deposited 10M USDC into Hyperliquid and built up a long ETH position reaching approximately 141,013 ETH (worth $271.6M).
- Used high leverage (estimates mention 13.5x to 19.2x) to control a notional exposure of approximately 270-336M with only about $23M in underlying capital
- Eventually liquidated for 160,234 ETH (worth about $306.85M), which appears to have been a deliberate strategy rather than a mistake (?)
Potential Exploitation Strategy
- Potential deliberate attack on Hyperliquid's liquidity engine and HLP vault:
- Forced Liquidation: The trader may have intentionally triggered their own liquidation, possibly by withdrawing capital to force the liquidation price to be hit
- HLP vault was "hurt" by this action and was "long $286m in ETH" after the event (took on his posiiton), suggesting the vault had to absorb the trader's position
- The trader may have been exploiting how the HLP vault handles large liquidations
Why This Is Exploitative
- HLP vault works by sharing profits and losses among depositors. By forcing such a large liquidation, the trader may have:
1. Created forced buying or selling that moved market prices in their favor
2. Potentially passed losses to HLP vault participants
3. Exploited the liquidation mechanism for their own gain, possibly holding offsetting positions elsewhere
The "insider" trader seems to be exploiting vulnerabilities in Hyperliquid's system, particularly affecting the HLP (Hyperliquidity Provider) vault.
The trade
- Build a massive position: the trader deposited 10M USDC into Hyperliquid and built up a long ETH position reaching approximately 141,013 ETH (worth $271.6M).
- Used high leverage (estimates mention 13.5x to 19.2x) to control a notional exposure of approximately 270-336M with only about $23M in underlying capital
- Eventually liquidated for 160,234 ETH (worth about $306.85M), which appears to have been a deliberate strategy rather than a mistake (?)
Potential Exploitation Strategy
- Potential deliberate attack on Hyperliquid's liquidity engine and HLP vault:
- Forced Liquidation: The trader may have intentionally triggered their own liquidation, possibly by withdrawing capital to force the liquidation price to be hit
- HLP vault was "hurt" by this action and was "long $286m in ETH" after the event (took on his posiiton), suggesting the vault had to absorb the trader's position
- The trader may have been exploiting how the HLP vault handles large liquidations
Why This Is Exploitative
- HLP vault works by sharing profits and losses among depositors. By forcing such a large liquidation, the trader may have:
1. Created forced buying or selling that moved market prices in their favor
2. Potentially passed losses to HLP vault participants
3. Exploited the liquidation mechanism for their own gain, possibly holding offsetting positions elsewhere
X (formerly Twitter)
Lookonchain (@lookonchain) on X
This whale—possibly trading with insider info—is making a high-risk long bet on $ETH!
The position has grown to 73,076 $ETH($138.75M), with an unrealized profit of over $1M in just 10 minutes!
Liquidation price: $1,854.4
https://t.co/xSGdBsxN4A
The position has grown to 73,076 $ETH($138.75M), with an unrealized profit of over $1M in just 10 minutes!
Liquidation price: $1,854.4
https://t.co/xSGdBsxN4A
Forwarded from infinityhedge
US FEB. CPI in 30min:
Analysts Estimates:
*headline: 0.3% vs 0.5% M/M prev.
*headline: 2.9% vs 3.0% Y/Y
*Core CPI: 0.3% vs 0.4% M/M
*Core CPI: 3.2% vs 3.3% Y/Y
*SPX IMPLIED MOVE: +/-1.5%
*Any sign that inflation isn’t cooling as fast as previously thought will ignite more turbulence
Analysts Estimates:
*headline: 0.3% vs 0.5% M/M prev.
*headline: 2.9% vs 3.0% Y/Y
*Core CPI: 0.3% vs 0.4% M/M
*Core CPI: 3.2% vs 3.3% Y/Y
*SPX IMPLIED MOVE: +/-1.5%
*Any sign that inflation isn’t cooling as fast as previously thought will ignite more turbulence
Forwarded from Ahboyash Reads
https://x.com/loopifyyy/status/1899810340117807168?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
Don't underestimate how valuable $1M USD liquid is
Don't underestimate how valuable $1M USD liquid is
X (formerly Twitter)
Loopify 🧙♂️ (@Loopifyyy) on X
people genuinely don't understand how valuable ~$1M liquid is
it takes a *LONG* time to earn it even with successful careers
can be top in your career field, make $400K/yr and can take up to 5 years
you can earn ~$200K/yr and it will take you roughly 10…
it takes a *LONG* time to earn it even with successful careers
can be top in your career field, make $400K/yr and can take up to 5 years
you can earn ~$200K/yr and it will take you roughly 10…
Forwarded from Multichain Journal
1. I successfully questioned myself after I round-tripped 500K+ in the last run and believed everyone when they said, *"This bull will continue for some months."* This time, I decided to take a different approach and just take profits into stables continuously throughout the whole run. It worked like a charm.
Of course, I could have made more profit, but profit-maximizing is super risky, and the first 100K is worth much more to you than the next 100K. Our minds are tricked by all the *0 to 7-figure* fake Twitter posts, but in reality, most degens round-trip the most money.
2. Fast adaptation to situations and new chains is key. I ignored SOL for many weeks because I thought, *"It's just another new shiny chain, and it will die soon."* Never judge, never try to outplay the market, and never think you're clever enough to fully understand the game.
The fact is, nobody understands shit—so try to adapt quickly to new trends and play the volume where it comes. This run felt so much faster than the last one.
3. Mental and physical health are key. Don't play when you're tired, sad, or angry about losses. Emotions will lead to bad decisions most of the time, and I’ve seen so many people lose money they made over months in a single bad FOMO decision.
4. If the market stays like it is now for many weeks or months, it's not worth hustling 24/7. Either take a long break to recharge your energy or use the time to build a network, connect with new people, and learn new skills.
If you keep hunting 10 hours a day in front of your PC during a bad market, the probability of losing control and aping into shitcoins is way higher.
Over and out, see you soon
Of course, I could have made more profit, but profit-maximizing is super risky, and the first 100K is worth much more to you than the next 100K. Our minds are tricked by all the *0 to 7-figure* fake Twitter posts, but in reality, most degens round-trip the most money.
2. Fast adaptation to situations and new chains is key. I ignored SOL for many weeks because I thought, *"It's just another new shiny chain, and it will die soon."* Never judge, never try to outplay the market, and never think you're clever enough to fully understand the game.
The fact is, nobody understands shit—so try to adapt quickly to new trends and play the volume where it comes. This run felt so much faster than the last one.
3. Mental and physical health are key. Don't play when you're tired, sad, or angry about losses. Emotions will lead to bad decisions most of the time, and I’ve seen so many people lose money they made over months in a single bad FOMO decision.
4. If the market stays like it is now for many weeks or months, it's not worth hustling 24/7. Either take a long break to recharge your energy or use the time to build a network, connect with new people, and learn new skills.
If you keep hunting 10 hours a day in front of your PC during a bad market, the probability of losing control and aping into shitcoins is way higher.
Over and out, see you soon