A Hyperliquid trader known as 0x004E has been fully liquidated across 8 failed shorts on BTC and ETH over 48 hours, losing $𝟯.𝟮𝟴𝗠 total. The positions were massive — roughly $𝟴𝟭.𝟲𝗠 in shorts: 20,000 ETH ($45.69M) and 500 BTC ($35.93M), with liquidation prices at ETH $2,327 and BTC $72,756. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Eight liquidated shorts in two days is a textbook short squeeze. Each forced liquidation triggers buy-backs, creating cascading upward pressure on both assets. The $81.6M scale means this trader's forced covering contributed real volume to the move — but the key question now is whether momentum sustains once this overhang is cleared. For BTC and ETH traders, the squeeze dynamic favors momentum longs short-term. Watch whether price holds above the liquidation zones (ETH ~$2,327, BTC ~$72,756) — a reclaim and hold above these levels confirms the squeeze; a breakdown back below suggests the forced buying is exhausted. https://hypurrscan.io/address/0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8#perps source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2087(Hupzy (Spot On Chain))