Trader liquidated three times on Hyperliquid, with related losses of $5.08 million.

A single trader on Hyperliquid was liquidated three times across BTC and ETH positions, realizing $5.08 million in losses on the closed positions. On-chain monitoring by OnchainLens shows the three liquidations carried a combined exposure of roughly $35.13 million, with the two most recent events accounting for about $28.06 million of that total. The account's overall profit and loss stands at a net loss of $5.29 million. The episode highlights how quickly leveraged perp positions can unwind on the decentralized derivatives venue even in major tokens. Traders will be watching whether the liquidation adds to near-term selling pressure in BTC and ETH perpetual markets and whether Hyperliquid open interest and funding rates shift in response.