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Market rebound triggers major position unwind: The trader known as pension-usdt.eth just closed a massive 25,000 ETH short position ($75M notional value) on Hyperliquid, crystallizing a $2.1M loss at the exit point. This marks a turning point—his impressive 12-trade winning streak comes to an end after the liquidation. Despite this drawdown, the trader's Hyperliquid performance remains solid, with cumulative profits holding steady at $23.9M. A significant reminder of how quickly momentum can shift in leveraged derivatives trading, especially when market conditions pivot unexpectedly.