Pension fund contribution hit its biggest sell-off last night, losing 16 million U by short selling ETH Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902 Last night, this round of rise in the currency circle began with the expansion of the repurchase arrangement of long-term treasury bond bonds by the US Treasury Department, which was interpreted by the market as an improvement in liquidity, a fall in long-term yields, and the first loosening of risky assets Subsequently, the US SEC released new regulatory proposals for cryptocurrency assets, coupled with the continuous inflow of Bitcoin ETFs, further warming market sentiment. BTC surged from around $64200 to $70200, and ETH also rose accordingly What really drives the market out of control is short covering. After the price broke through, a large number of short orders were forced to stop losses, and closing buy orders continued to push up prices. New short positions were then triggered to close strongly, and the entire market turned from news stimulation to typical short pressure. Market statistics show that the liquidation amount of short positions across the entire network exceeds 1.4 billion US dollars One of the most severely damaged addresses on Hyperliquid, publicly nicknamed Peninsula Fund, should be spelled as Pension Fund, which means' pension fund '. This is just a nickname filled in by the account itself, which cannot prove the true identity of the institution, but the account size is indeed not small: the cumulative trading volume at all times exceeds 12 billion US dollars, and the historical cumulative profit before the liquidation is about 17.76 million US dollars This time, it is betting on ETH bears, and the position is very aggressive. According to fund records, after the market started, the address still held nearly 50000 ETH short positions with a nominal value exceeding $100 million. It may think that this is just a short-term rebound, and after ETH surges, it will fall back, but the result is that it happens to be on the opposite side of a bearish market According to AiCoin clearing data, at 4:51 am Beijing time on August 20th, ETH accelerated its rise again, and the margin of this address finally couldn't hold up. The system liquidated approximately 49800 ETH short positions at an average price of $2235.36, with a nominal amount of $111.34 million. The entire process was completed within one minute, and the remaining positions were reset to zero after the liquidation Ironically, the account name is "Pension Fund", but the position management is completely different from that of pension funds. The real pension fund emphasizes diversification and low volatility, but it carries over $100 million in one-sided short positions with a 16 million U account, and only has one meal left. Now it really has no money for retirement This incident also reminds all high leverage traders that they cannot replenish margin for today's positions based on how much money they have earned in the past. Market judgment can be wrong, but losing control of positions may directly end the game Source: AiCoin on chain data AiCoin supports binding Hyperliquid accounts for trading and placing orders. Market trends, addresses, positions, and trading entrances can be managed together Hyperliquid ETH Ethereum Bitcoin Explosion Pension Fund Institutional Trading AiCoin